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The only thing crypto needs is another layer of crypto! I'm sure there is another crypto layer that provides FDIC insurance, fraud and loss protection, physical

The only thing crypto needs is another layer of crypto! I'm sure there is another crypto layer that provides FDIC insurance, fraud and loss protection, physical offline methods of payment, etc etc... All it serves to do is create more techno-babble that confuses 99% of the population which has no ability to actually understand what the technology actually is and does. So scams fill the void

dmarcos 4y ago
Bitcoin like any other protocol has certain characteristics and tradeoffs. The traditional monetary system is layered too (credit cards is one of the consumer facing ones). Layered architectures are found everywhere. See the Web: IP, TCP, HTTP. Any concern about those? Do you think a protocol that does it all would be better or even possible?