> I transferred money to somebody else last night despite never having met them, virtually or in meatspace or whatnot--I used a credit card to buy something. G

> I transferred money to somebody else last night despite never having met them, virtually or in meatspace or whatnot--I used a credit card to buy something. Great! In the context of the discussion, that transfer wasn't "trustless", you have bunch of contracts setup and more to support and make sure the transfer is trusted and OKed. > it "solves" issues in the financial that are already practically solved for billions of people. Yes, bank transfers and credit cards works for a lot of people. But there are tons of people who cannot use those, what about those people? Have you ever tried to send money from Nigeria to Ecuador? It's a hassle, especially when you deal with a larger amount. Your transfer is gonna get stuck in the fraud-department at some entity you never heard about, simply because the transfer is coming from Nigeria. Instead, doing the same transfer with cryptocurrencies took about 1 minute to enter the details, and 5 seconds for finality of the transfer, and it's done.