This argument is really hard to understand for people whose revenue is derived from the current system. Many people here fail to understand what cryptocurrencies are about because they are entrenched in these systems and these new systems endangers their perceived stability.
The reality is that the world, companies, people and nation states do not care about that. The current divide is due to the "system" being non-inclusive (only some people are in) and given that the system carry on to exclude more people while giving more privileges to the incumbents, the crypto tension will continue to rise.
Cryptocurrencies are not challenging banks. They are challenging governments, but they are too slow and bureaucratic to understand that.
The reality is that the world, companies, people and nation states do not care about that. The current divide is due to the "system" being non-inclusive (only some people are in) and given that the system carry on to exclude more people while giving more privileges to the incumbents, the crypto tension will continue to rise.
Cryptocurrencies are not challenging banks. They are challenging governments, but they are too slow and bureaucratic to understand that.