> But it turns out that _in most cases_, we are OK with a trusted, centralized, institutional clearing agent that maintains the ledger. The benefits are numerou

> But it turns out that _in most cases_, we are OK with a trusted, centralized, institutional clearing agent that maintains the ledger. The benefits are numerous as long as we trust the institution/agent. Who is "we"? I'm not ok with trusting banks and clearing houses with my money. I'm vehemently opposed to it. I don't trust banks to act responsibly, and neither do I trust auditors to be thorough. I'll happily continue using crypto, with real SecOps, multi-sig auth, 2FA with hardware keys (and no SMS), multi-stage cold storage withdrawal with live self-hosted chain-analysis and no yearly account fee.