>There aren’t restrictions on who you can send them to, what time of the day you can send them, the maximum amount you can send. You don’t have to worry about your bank account being frozen or suspended. You don’t have to wait days for transactions to go through. You don’t need a bank account at all to store them.
All of that applies to cash under your mattress.
And "You don’t have to wait days for transactions to go through."? Nonsense. Blockchains don't scale.
If you wanted to pay someone in another country $1,000 would you trust sending that much money in the mail?
> Blockchains don’t scale
This is very shortsighted. I’m not talking about now. I’m talking in 10 or 20 years. The internet didn’t scale in the early 90s. Software by its nature is designed to evolve. I think there is a high likelihood Blockchain tech will rival traditional payment gateways in the next 10 or 20 years.
All of that applies to cash under your mattress.
And "You don’t have to wait days for transactions to go through."? Nonsense. Blockchains don't scale.