aewct

There's no benefit to the user to having no seatbelts. There's a huge benefit to having open markets at all times.

The usual phrase for your argument is "false analogy."

An OS asking you to confirm that you want to delete a file is also friction. Like KYC, it is a positive, but friction nonetheless.

In context, they also mention traditional markets being closed at certain days and times. This is also friction, but negative.

From TFA:

> Users can trade the tokens anonymously 24 hours a day, seven days a week, from anywhere, unhindered by capital controls, “know your client” rules imposed on broker-dealers, and other frictions of the traditional financial system.

These are certainly new innovations and features, be they good or bad.