These ideas are all technological in nature and avoid thinking about what payment systems are: they're social constructs, not technological ones. The problem w

These ideas are all technological in nature and avoid thinking about what payment systems are: they're social constructs, not technological ones. The problem with crypto-as-payment network is that their central appeal is that they bypass all of the regulatory frameworks that protect every day people from money laundering and fraud; bypass sanctions, etc. As soon as they're subjected to the same regulation and oversight that other payment networks and money transmitters are... there's no point. As a network technology it's slow, inefficient, difficult to develop on and extend. And any organization set up to follow regulations that exist today would have to have reserves, charters, submit themselves to regular inspections, etc and... be exactly what we already have. Some people think by-passing international wire rails (SWIFT etc) is the big win: I can send money to friends/family in the global south without the fees/sanctions associated with such transfers in the regulated system. I would like to see that become a better experience for people in general but I don't think crypto and bypassing the state is the answer here. It's way more risky for a lot of reasons.