A random example for you: settlement times go up as inter-institutional trust goes up. The Bitcoin economy wears on its sleeve that it trusts no one, and has ~1 hour settlement. Banks in the US settle e.g. checks in X days. In Japan, interbank payments can take Y months.
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And the nations of Japan and the United States signed a piece of paper in like 2007 which says, among many other things, "We're going to net out a 7 figure liability about Patrick in, hmm, 2060 or so. No big deal, we know you're good for it."
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(The paper was the US Japan Social Security Totalization Agreement and yeah that's approximately the per-retiree cost and mechanism for covering a citizen of one that spends their entire working career in the other.)
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That’s less “bitcoin” and more “
@jessepollak is one of the best humans” - End of conversation
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