>> consider how tedious it is to open a new bank account You make it sound like a person needs to open a separate bank account for every transaction, which is

>> consider how tedious it is to open a new bank account You make it sound like a person needs to open a separate bank account for every transaction, which is clearly not how people manage their finances. I'm in the same eli5 boat. I can't fathom why anybody would put real cash into such a system. It comes across as "because I'm rich as fuck and can gamble away my money on a stupid tech system that is not realistically viable". Just... why would anyone use this? It makes no sense, unless this just offers a way to attempt to hide one's identity while participating in illegal ventures. I know a lot of tech nerds. Not one of them would ever join a system like this. I just don't get who is voluntarily subjecting themselves to this insanity. Can someone out there who has actually used Ethereum explain why they've done so? I would really appreciate some kind of insight into this whole concept, as I just don't understand.