The financial system did that already, hundreds of years ago. And it turned out that the most efficient way to iron out these bugs was through trust and regulation.
To an outsider, the entire crypocurrency world just looks like a giant exhorbitantly expensive not-invented-here syndrome recapitulating the entire early history of finance.
To an outsider, the entire crypocurrency world just looks like a giant exhorbitantly expensive not-invented-here syndrome recapitulating the entire early history of finance.