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Right, because I should wait days for banking wire transfers to get rescued out of the slush pile underneath a fax machine somewhere if I want to pay someone wi
by tata71 5y ago
Right, because I should wait days for banking wire transfers to get rescued out of the slush pile underneath a fax machine somewhere if I want to pay someone with a different bank.
Literal tens of billions of dollars are using these systems to great success. The numbers are refuting your arguments, and will continue to.
When we are all carrying counterfactual wallets, able to hold any number of cryptocurrency, or NFT ownership tokens (of the deed or lease to your house, social club entry etc), with social recovery from your closest family/friends when you smash your iPhone, then what will your argument against technology be, I wonder?
- ethanbond 5y agoThere was plenty of money working successfully in Enron, Madoff Investment Securities, and Evergrande, too. The traditional systems that are apparently inscrutable to you move, in SWIFT’s case, $5 trillion (with a T) per day. These generally settle in a few minutes. P.S. Transparently resorting to straw men like “if you doubt crypto then you just don’t like technology” is the sort of stuff that prevents people from taking this movement seriously.
- tata71 5y ago> The traditional systems that are apparently inscrutable to you move, in SWIFT’s case, $5 trillion (with a T) per day. These generally settle in a few minutes. Not open to you.