Comment by dcow

A BlockChain is like giving people ACH access. It’s insane to think that people are ever going to be competent and experienced enough to run their own bank. Society needs banks and regulations. This can all happen at layer-2 on top of an auditable and objective root chain. There’s a very clear analogy where everyday people interface with Eltoo “banks” existing (and regulated) on-chain providing convenient “traditional” banking services. That’s where this is all going. Crypto anarchy is a farce; don’t fall for it.