> I'm taking a Zero Trust approach to the movement of money.
This is begging the question.
> You have to assume there are insiders in banking and government with malicious intent. How do you protect against them?
We have a system of rules in place to disincentivize certain behaviors in government. This system is written down as the U.S. Code. If you can't trust this system, you might as well write off the concept of democracy as a whole, because a lot more than our banking system depends on a very deep-seated social contract which assumes that the people trust the government they elect.
> Could cryptocurrencies be worked into a solution?
Of course they can. The questions are: Why would we want this? What problems do cryptocurrency solve uniquely? What trade-offs would we make by implementing such a solution? And that is why statements like this belie the fallacy of crypto proponents: you are begging the question when you ask how to integrate crypto with the financial system, and do not address any of the myriad of shortcomings of doing so.
This is begging the question.
> You have to assume there are insiders in banking and government with malicious intent. How do you protect against them?
We have a system of rules in place to disincentivize certain behaviors in government. This system is written down as the U.S. Code. If you can't trust this system, you might as well write off the concept of democracy as a whole, because a lot more than our banking system depends on a very deep-seated social contract which assumes that the people trust the government they elect.
> Could cryptocurrencies be worked into a solution?
Of course they can. The questions are: Why would we want this? What problems do cryptocurrency solve uniquely? What trade-offs would we make by implementing such a solution? And that is why statements like this belie the fallacy of crypto proponents: you are begging the question when you ask how to integrate crypto with the financial system, and do not address any of the myriad of shortcomings of doing so.