Of course, I disagree. Because bitcoin exists, I can transact globally with anyone over the internet, exchanging a minimal amount of information – just aswhen they first questioned the commercial direction of the internet in 1993.
Sitting at a nearby bar, I started chatting with two women who had secured babysitters and were out for a night on the town. The rest of the night is a bit of a blur. I remember we went to another bar and played darts; I gave my state-issued ID to the bartender as security for the darts. You don’t have to prove who you are to go through the customs equivalent on a decentralized cross-chain connector like Axelar. Could there be a way for me to get on a plane similarly, without proving my identity? It turned out, there was.
Start to finish, it took about 10 minutes to determine I wasn’t any threat. The process was relatively inefficient and my bags were open to scrutiny. It was … a lot like transacting over a public blockchain – that is, one where honest authentication is enforced by economic incentives using a cryptocurrency like bitcoin.Until Bitcoin, there was no way to send money over the internet without a bank in between, to permit the transaction.
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