The cryptographic security of crypto solves a problem that doesn’t exist.
The point of crypto wasn’t to be more secure than money, it was the ability to move it around without having to rely on a third party allowing you to, and charging a large fee for the privilege.
Yet we’re talking now about crypto exchanges, which is just another word for bank. And the fees you pay to move money via Bitcoin are far higher than the fees you pay to move money using the conventional banking system.
The point of crypto wasn’t to be more secure than money, it was the ability to move it around without having to rely on a third party allowing you to, and charging a large fee for the privilege.
Yet we’re talking now about crypto exchanges, which is just another word for bank. And the fees you pay to move money via Bitcoin are far higher than the fees you pay to move money using the conventional banking system.
Yeah Kyc laws basically neutered crypto.