> Do you really trust that your gov and the politicians/bankers have your best interest at heart?
On a scale of 0-1, representing my estimate of P(no catastrophic economic/valuation failure in any given year), my trust is: {Government (German): 0.99, Government (UK): 0.85, Politicians (UK): 0.67, Bankers (collectively and internationally): 0.95, BTC: 0.15, Cryptocurrencies in general: 0.05}.
> you're ignoring layer 2s and all other places where you can exchange crypto without it being recorded on the blockchain,
Thus negating all the so-called benefits of the Blockchain, but without the benefits of a double-entry bookkeeping database audited by professionals and with public liability insurance.
On a scale of 0-1, representing my estimate of P(no catastrophic economic/valuation failure in any given year), my trust is: {Government (German): 0.99, Government (UK): 0.85, Politicians (UK): 0.67, Bankers (collectively and internationally): 0.95, BTC: 0.15, Cryptocurrencies in general: 0.05}.
> you're ignoring layer 2s and all other places where you can exchange crypto without it being recorded on the blockchain,
Thus negating all the so-called benefits of the Blockchain, but without the benefits of a double-entry bookkeeping database audited by professionals and with public liability insurance.