> I want people to be able to say "Fuck bank of america, I'm going bankless"
The problem is that there is a bunch of people out there that don't want others to be able to do this and will constantly shout about perils of permissionless DLT systems without acknowledging such (or without mentioning the many ways which permissioned non DLT systems have and continue to fail for increasingly more people [or without having any ideas on how to approach solving such problems in general that individuals can adopt for themseleves], which is really fine to me, because those people can't really stop what has been underway for the past 13 years [and often want somebody else to stop it for them, without even understanding how the systems they want to stop work, or putting any work in themselves to stop it beyond open throat/think piece operations])
It's so disingenuous to equate the problems related to, like, the Fed, to the problems inherent to crypto. Somebody exfiltrated an API key from some bad Javascript and stole $130,000,000 with no consequences. That's what crypto is. Unavoidably so. It's just mind boggling that folks try to sweep that aside as if it's nothing, or solvable!
There is a technology called an optimistic rollup. The basic idea is that you submit transactions to the rollup and these transactions are assumed to be valid. These transactions stay on the rollup for a period of time, 7 days, 1 month, whatever. During that time anyone can submit a "fraud proof" and that transaction can be reversed. After the time interval the valid transactions are committed to the main blockchain.
There is no reason that bank of america or visa couldn't run their own rollup and implement their own fraud system. In fact, visa is likely working on tools like this.
The problem is that there is a bunch of people out there that don't want others to be able to do this and will constantly shout about perils of permissionless DLT systems without acknowledging such (or without mentioning the many ways which permissioned non DLT systems have and continue to fail for increasingly more people [or without having any ideas on how to approach solving such problems in general that individuals can adopt for themseleves], which is really fine to me, because those people can't really stop what has been underway for the past 13 years [and often want somebody else to stop it for them, without even understanding how the systems they want to stop work, or putting any work in themselves to stop it beyond open throat/think piece operations])