[Geste]

Bad take about blockchain. Being able to send value across borders without intermediaries is unheard of in human history.

[aprilthird2021]

No it's not. It's existed for a thousand years in Asia through the hawala system. I mean, you need an intermediary. But with blockchain your intermediary is the exchange, the developers of the cryptocurrency, etc.

[Dilettante_]

>with blockchain your intermediary is the exchange, the developers of the cryptocurrency, etc.

You are mistaken. The transfer of cryptocurrencies takes place on the blockchain ledger. That's, like, the core "thing".

If you choose to bank with an exchange, that's like you bringing your cash money to a regular bank and depositing it. And the developers are no more intermediaries to your transaction than the Mint is an intermediary to your cash transaction.

[eru]

Hawala isn't special. It's the same idea behind any bank transfers in general.

[bloqs]

if you think it was a technology issue i've got some ice to sell you

[Jommi]

New technology usually gets most of its power from just finding ways of skirting existing regulation.