If you get that transaction you probably prefer the value rather than the debt. Value is free to move, debt is an agreement between 2 parties. If you get paid with debt it means you get nothing but someone owes you something now. This someone is usually your bank. You can cash out that debt at any time and that gives the feeling that there is value stored at the bank. But that's not really the case everyone knows that it would not work if a lot people would want their debt payed back.
Instead of cashing the debt out you can just send that debt to someone else. This is called transaction but as you already know there is nothing to move. It just adjust balances of debt. You tell the bank that a part of what they owe you should now be owed by someone else. If its someone is using the same bank then this is super simple. If he is form another bank the 2 Banks must work together to update the balances over 2 systems. If the 2 Banks do not have any relationship with each-other then they need to find corresponding banks and create a chain of trusted relationships to move that debt around. This is why Tx from account to account of the same banks is super simple fast and cheap/free but the further you go the longer it takes and the more Banks in between want some kind of fee for the service. It comes to the point where you simply can't make a transaction anymore because either the fees are way to high or there just isn't a bank to bank to bank chain that could move the debt. Or of course there are billions of people who do not have a bank. There are payment companies who fill in that gap where you can input a bank transaction (debt) and they deliver cash etc. It's sill expensive and slow in most cases and it absolutely does not work with small value(debt) Tx. There is no way to send 1USD from USA to Mexico for an acceptable fee and in an acceptable time.
If you could send value instead you could avoid literally all these problems. Value is value everywhere it doesn't matter where you send it from and where you send it to. There is no need for cooperating banks. It's like if you could pay cash but globally (without the different currencies of course because value is currency independent). Imagine if value would be represented by gold.
I buy gold worth 1 USD and send it anywhere in the world and the person who gets it sells it for his local currency.
Now replace the gold with crypto because gold can not be send over the internet but cryptos can. Everywhere, very fast/cheap (not with BTC) and without any chain of trusted entities in between the endpoints.
It's also final unlike debt Tx which can be reversed by the banks and payment provider in between. Which is bad for the endpoints but also for the corresponding bank chains since they all have to take the risk of reversed Tx which leads to higher fees.
It goes into my bank account either way. I trust the bank to accurately count my dollars and to give them to me whenever I ask, because they have a very long history of doing just that.
You're proposing a scenario in which all banks collapse and FDIC insurance fails, but also one in which my computer continues to be a productive member of the bitcoin network and my neighbor will sell me access to his bunker for 3 bitcoins. And my ISP won't be upset that I can't pay them in USD.
If I was worried about the collapse, I think I'd want to store my money in something with real value, not imaginary internet coins that none of my neighbors have ever heard of. Maybe gold, to be cliche. Canned food?
You wanted to know what the benefits are and I told you.
I never said that it should/could replace all debt Tx or the debt system in general.
I never said anything about banks collapsing.
I never said anything about Bitcoin.
You can trust your bank you choose the one you want to trust. But what about a companies who hav to deal with foreign banks or what about banks who have to deal with other banks. what if the best choice is still bad and should not be trusted. Value Tx can solve this because they are trust less.
Instead of cashing the debt out you can just send that debt to someone else. This is called transaction but as you already know there is nothing to move. It just adjust balances of debt. You tell the bank that a part of what they owe you should now be owed by someone else. If its someone is using the same bank then this is super simple. If he is form another bank the 2 Banks must work together to update the balances over 2 systems. If the 2 Banks do not have any relationship with each-other then they need to find corresponding banks and create a chain of trusted relationships to move that debt around. This is why Tx from account to account of the same banks is super simple fast and cheap/free but the further you go the longer it takes and the more Banks in between want some kind of fee for the service. It comes to the point where you simply can't make a transaction anymore because either the fees are way to high or there just isn't a bank to bank to bank chain that could move the debt. Or of course there are billions of people who do not have a bank. There are payment companies who fill in that gap where you can input a bank transaction (debt) and they deliver cash etc. It's sill expensive and slow in most cases and it absolutely does not work with small value(debt) Tx. There is no way to send 1USD from USA to Mexico for an acceptable fee and in an acceptable time.
If you could send value instead you could avoid literally all these problems. Value is value everywhere it doesn't matter where you send it from and where you send it to. There is no need for cooperating banks. It's like if you could pay cash but globally (without the different currencies of course because value is currency independent). Imagine if value would be represented by gold. I buy gold worth 1 USD and send it anywhere in the world and the person who gets it sells it for his local currency. Now replace the gold with crypto because gold can not be send over the internet but cryptos can. Everywhere, very fast/cheap (not with BTC) and without any chain of trusted entities in between the endpoints.
It's also final unlike debt Tx which can be reversed by the banks and payment provider in between. Which is bad for the endpoints but also for the corresponding bank chains since they all have to take the risk of reversed Tx which leads to higher fees.