For all of its faults, I haven’t seen a better system that gives absolute authority to the resource holder.

The majority doesn’t want “absolute authority”. They want to have a system that “just works” and allows them to pay for bread and butter without jumping through hoops. That’s the problem with crypto: it’s not easy - far from it.

Crypto can work for them. Crypto can work for every human. Western banking, as convenient as it is, if you’re willing to accept all the trade-offs, simply isn’t available to half the population of the Earth.

Crypto isn’t available in a lot of countries right now. There are multiple factors: bad and unstable infrastructure (internet, electricity), bad hardware, lacking regulation, and most importantly lack of legal options. Crypto exchanges are straight up banned in many countries. I’d love to send my money directly to charities or other orgs and people outside of the Western banking system, but they can’t even create a wallet, much less convert it to fiat, which brings us back to the same problem I’ve brought up.

Anti Commercial-AI license