>A system without fraud protections (i.e. wires) is a much more efficient solution The assumption here of efficiency by any metric is the wrong thinking for cr

>A system without fraud protections (i.e. wires) is a much more efficient solution The assumption here of efficiency by any metric is the wrong thinking for crypto. Energy/speed are being optimized for, but they are not the goals. Wires don't have composability. Blockchains do. https://ethereum.org/en/developers/docs/smart-contracts/composability/ https://ethereum.org/en/developers/docs/smart-contracts/comp...