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I understand that people don’t like cryptocurrency. I understand why people want financial services to be safe and regulated. I really, really do.
What I don’t understand is why people think the existing financial services industry is perfect and should be sheltered from all technical innovation.
In related news: the US ACH settlement system can’t process “same day payments” on weekends. It’s 2023. Why is everybody totally ok with this?
@matthew_d_green Crazy. Here in Australia we've had free, instant bank-to-bank transfers since 2018 with the New Payments Platform!
@matthew_d_green No one's in the office to nip down to the basement and shuttle the gold around. /jk
@matthew_d_green If your at RWC I can spend about half an hour explaining the underlying reason. Like all things its a risk/reward trade off, combined with an interesting (but economically correct) definition of where the actual "money" "is"