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Why is crypto better at replacing SWIFT and Fort Knox rather than, say, SEPA or fiat currency (which replaced Fort Knox shortly after the invention of ARPANET)?

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SEPA is not a cross-border payment system for interbank payments.

Fort Knox still exists. US gold reserves are still increasing:

https://www.statista.com/graphic/1/188843/united-states-offi...

I would love it if the whole world signed on to SEPA, but I'm not holding my breath. And even if it worked worldwide, I don't want to rely on a payment system that can be used to censor even legal artistic expression (see the recent Steam removals) or political protest (remember the Canadian truckers?).

that's not a technology problem, it's a political problem. You're trying to solve a political problem with technology?

Yes. It's much more effective than solving political problems with politics.

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