In part, one of the points is to disallow a country from forcing bank depositor bail-ins. Like 2013 in Cyprus. https://www.theatlantic.com/business/archive/2013/03/everyth...

The country north of USA targeted a certain group and took their funds earlier this month. https://www.insurancejournal.com/news/international/2022/02/...

Decentralized consensus & trust doesn't rely on banks and all the associated cost, complexity, obscurity, and gatekeeping that comes with them. With crypto: "Banks" can't unilaterally or fraudulently print more money, settlement is much faster & public / atomic, APIs are through transparent smart contracts rather than semi-structured SWIFT messages, and no need to rely on trust that funds are real compared to (say) Eurodollar derivatives -- i.e. many of the legacy hacks that others are talking about in this thread.

ITs a number of lots of computers that use crypto algorithms to decide what the True ledger is.. So it cant be edited like a row in a DB can. But yes. you're right.

That's right. Bitcoin is represented via 10-minute sequential hashed blocks. You can't forge that currency without re-doing 13 years of computing work.