> someone still pays it (normally the bank) but they make up for it by lending out your cash. You're skipping over large parts of the things fiat can do and cr

> someone still pays it (normally the bank) but they make up for it by lending out your cash. You're skipping over large parts of the things fiat can do and crypto can't. E.g. there are chargebacks for fraud. There's the legal process that can be used by the bank to recover money from the fraudster (maybe not always, but also not "never"). > Wouldn't it be great if there was a technical solution such that there is no ambiguity about what happens to your money? No, it wouldn't be great, it would be horrible. Real world is messy and hard to encode in a "smart contract". What if the will says something but the law invalidates it? Going through the legal process is a feature not a bug... remember how people complain about e.g. automatic bans that are handled and appealed by robots? How your Google account can be disabled with no recourse, and no explanation from a human? Yeah, that can happen to your grandma's crypto - it doesn't go to the family, and there's no way to appeal that or even find out "why".