By paragraph: 1. The problem with this is falsifying ledgers has not been a problem with institutions for centuries. Institutions will cheat you in many differ

By paragraph: 1. The problem with this is falsifying ledgers has not been a problem with institutions for centuries. Institutions will cheat you in many different ways. But literally eliminating transactions is not one of them. In the meanwhile, the blockchain adds tremendous complexity and other problems to solve a problem which hasn’t really been a problem. 2. Blockchains are not needed for digital signatures. 3. Smart contracts are only more useful for on-chain transactions because the moment you move off chain you’re back to trusting the entire institutional infrastructure setup to ensure anything really happens. 4. Lol.