Do you also have a responsibility to speak out against redlining? Or Banking deserts? Or keeping Afghanis from starving due to sanctions both external and internal? How about 0% savings accounts? Or being denied a mortgage from the only game in town? How about being put in prison because you cannot come up with the egregious fees larded onto your account because "reasons"? Are you prepared to defend us from all of that? Or just this? The one thing that has come along in the last few decades that we can use to empower ourselves with no interference necessary "from those who know better."
Every single payment method that has been invented has suffered from frauds, scams etc. People have found ways to remove mailed checks from mailboxes, wash the ink from them and make them out to new payees. Should we stop using checks now too? Should we go back to trading rocks and shells? Corda is already doing great work in the European insurance industry at lowering costs and increasing transparency. We won't be lucky enough to get it here, likewise moving the bond market to the ledger should do the same thing. No advancement is perfect, but going by what you have written here we should all go back to living in caves and running from sabertooths. I think I'll pass. And I'm not a techie....and I still feel like this post is nonsense.