> I would suggest you do write something up, because there is a lot of myopia among the pro-crypto crowd about the real-world challenges of cross-border fund tr

> I would suggest you do write something up, because there is a lot of myopia among the pro-crypto crowd about the real-world challenges of cross-border fund transfers. Will do! I am confident I have the same misgivings but the base assumption here is that cross border fund transfers are hard, but crypto gives the system a chance to be rebuilt (with technology that's much more traceable, as well) -- without governments funding development and doing the political wrangling and horse trading to get on one system. I'll try to lay this simpler thought out even simpler (for my own sake) -- If nation X and nation Y trust Coinbase, and have negotiated how to off ramp, and Coinbase satisfies KYC with both countries/participating institutions, we can theoretically do away with SWIFT + TARGET2 or VISA at the end of the day. What Coinbase as done is also not so unassailable (where as VISA very much is), so there will be many Coinbases, and this will drive prices down. > There is often an enormous difference in the tech-savviness of people that send the money, relative to those who collect that money. Crypto assumes similar levels of knowledge between both parties, which is how you end up with people sending ETH to a BTC address, causing it to fall out of the money circulation entirely. I agree -- I think this assumption of Crypto is optimistic and wrong. But, I also see this as opportunity -- this is a problem to be solved. Crypto needs people willing to do the hard work of building reliable, trustable, and reversible transactions, and essentially re-imagining what transactions, contract enforcement, and escrow look like without the threat of violence from one government in particular. Maybe people shouldn't manage their own crypto wallets at all -- maybe they should be managed custodially -- that's an industry that needs to spring up. I know this is peak crypto-bull-speak but I assure you I am not a crypto bull (I literally do not hold any) -- but I can really imagine the recreation of the modern bank. An entity you trust to manage your crypto and help you make purchases/safeguard your money that takes drastically less fees than the modern bank. I could Trust and reputation becoming paramount, moreso because there is less recourse.