| There is a significant amount of ignorance and bad faith in your comment that I usually don't bother replying to people like you, but I am in a patient mood. Have you ever tried to transfer money, I don't know, ANYWHERE with the legacy banking system? ACH transfers can take days, and you don't have a single clue what is happening with your money between banks -- let alone what your real balance is anywhere until it clears. And there is an upper limit on the amount you can transfer. If you want "instant" transfers, you get to pay a paltry fee of a PERCENTAGE OF YOUR TRANSFER if using debit. For wire transfers, you only have to fill out a massive transfer sheet with a ridiculous number of values that you absolutely cannot get wrong, and after you slog through that mess you get to pay a small fee of over $25.00 to make a transfer -- assuming your bank allows it after you ask pretty please to move your money. That is just with money movement. With Bitcoin? I get an address, I paste it, I double check, I click transfer. Boom, done. I get to see exactly where it is in the transfer process, exactly what is happening, and I can send ANY AMOUNT for the same tiny fees. That is on the mainnet. If using lightning, those fees largely vanish and the transfer becomes instantaneous. Just the FUNCTIONAL experience is absolutely leagues ahead of the legacy banking system, without even talking about minting, auditing, fraud, etc. it really isn't even close to the systems before it. Places like Brazil have much better experiences. The PIX transfer system resembles the crypto experience, but more ironed out, instant, and free. It makes the legacy banking system much more tolerable, but it still suffers from the other reasons crypto is better; like international remittances, and sovereignty of wealth. We should not have to ask an authority permission to move value we have ownership of. |