[ranger207]

Why is crypto better at replacing SWIFT and Fort Knox rather than, say, SEPA or fiat currency (which replaced Fort Knox shortly after the invention of ARPANET)?

[ArtTimeInvestor]

SEPA is not a cross-border payment system for interbank payments.

Fort Knox still exists. US gold reserves are still increasing:

https://www.statista.com/graphic/1/188843/united-states-offi...

[lmm]

I would love it if the whole world signed on to SEPA, but I'm not holding my breath. And even if it worked worldwide, I don't want to rely on a payment system that can be used to censor even legal artistic expression (see the recent Steam removals) or political protest (remember the Canadian truckers?).

[luckydata]

that's not a technology problem, it's a political problem. You're trying to solve a political problem with technology?

[lmm]

Yes. It's much more effective than solving political problems with politics.