> send large amounts of money around the world without snaking through the nightmare that is international banking This has little to do with technology but wi

> send large amounts of money around the world without snaking through the nightmare that is international banking This has little to do with technology but with regulation. If you think bitcoin can solve this then you either envision a future where these regulations don't apply (in some sort of technologically independent anarchistic society) or you expect bitcoin to cause a reduction in the high regulation surrounding international asset transfers - which is very unlikely, regulators around the world are pushing for more stringent AML policies. This is where a blockchain (the technology) could actually come in handy. If every asset is tokenized and controllable through some smart contract (and every transfer needs to be authorized by the responsible financial regulator) then such a system would make any kind of international asset transfer much more frictionless. But of course this runs contrary to the idea of most current crypto currencies (whose proponents mostly hope for the aforementioned scenario).