cross-posted from: https://lemm.ee/post/53805638
Big money is being held because of anti-money laundering, not because of technology.
I am not taking about money being held, I talking about regulations and horrible banks not technology. Yes, the current technology allows you instant transfer, but it still depends on the bank. For example some banks allow free international transfers while others require a small fee, some banks you can do the transfer online while others you have to go to the branch in person. You don’t have to go through a bank with crypto, sometimes it is faster and it is definitely more private.
The data on the blockchain is not private.
However data can be encrypted before it hits the blockchain and it can also be cryptographicly manipulated in ways that remain private.
