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In the 15+ years people have been promoting blockchains, this flowchart remains undefeated.
I think that's true but I also want to do it without a middleman. Transfer money easily. Like email. Someday soon hopefully with @Interledger perhaps. But I'd still rather use what we've already got over crypto.
@wjmaggos @docpop @williampietri @Interledger it's an exclusively US banking bug - problems with bank transfers. Europe and at least parts of Asia are doing fine with this, no blockchains etc needed.
Crypto is only great for money laundering, otherwise, what's the point? Crypto is a more expensive way to transfer funds.
@dimpase @wjmaggos @docpop @Interledger For sure. To the success cases, I'd add M-Pesa. Launched at about the same time as bitcoin, it solved the same nominal "e-cash" use case. But it actually works and is widely used in a number of African countries. No blockchain, no need of one.
@williampietri @wjmaggos @docpop @Interledger as a relatively fresh off the boat US resident, I find it truly insane that the easiest way to transfer funds in US is to mail a check.
I gather it's Visa/MasterCard/Amex/PayPal/etc cartel lobbying which prevented and prevents a sane, (almost) free, US-wide electronic fund clearance.
EU/EEA, which is considerably bigger, less centralised, has more than one currency, etc., does this already for over 20 years. Yes, I can give anyone my UK bank account number (it's perfectly safe to do so -- unless you're afraid that someone will try to impersonate you at a physical branch of your bank, good luck trying the latter though, it's a quick and sure way to jail) to send me money.