> Given that transferring crypto is hard, slower, more expensive, riskier, public, and more wasteful than real banking, I don’t see why these would be related.

> Given that transferring crypto is hard, slower, more expensive, riskier, public, and more wasteful than real banking, I don’t see why these would be related. This is partially true, but I think a bad blanket statement. Bitcoin has outperformed all other asset classes over the last decade. You can get crypto credit cards that remove all complexity you aren't forced to deal with anyway. And even if that wasn't the case. Banking is hard, too, so that's a moot argument. Ethereum and others are moving away from proof-of-work. Upgrades like taproot and zkrollups improve privacy and can be used today.