I really thought Patrick had a decent understanding of how markets... nay, ordinary businesses functioned. You know, you can't buy things from them that they don't have the means to pay for. Maybe that's an invisible feature in day-to-day commerce, but even uneducated people know this.

A business's "liquidity pool" is what they have in stock right now. They can't start selling what they don't have. Guess what, Patrick? It's the same with brokerages. And if that "puts enormous power into the hands of a few", I have to guess only you would object to the local bodega not selling you what you want and they don't have. Or their distributors don't have, etc.

"Decentralization". There is a reason why it is 41 years and counting since the basic technology behind all crypto became available and not much is done with it. Even after the last few years and billions in investment and promotion. Why does a BTC buy/sell transaction take 10 minutes (at least depending on a variety of factors)? Because it relies on this same technology and with the "decentralized" component slowing it even further.

Blockchains don't scale and likely never will. For that reason there are thousands of projects trying and failing because the degree of complexity and risk in trying to make it work are entirely impractical and exponentiate the risk of unforseen software failures.

Decentralization is at best nonsense, at worst the empty notion behind a fraud.

The next time there's a pandemic and nations have to be able to keep their citizens from mass unemployment and poverty, even if every payment were decentralized AND instant, the Decentralizer would not be there for them. Instead, as those who are behind this idea very well may wish, there would be a reversion to the law of the jungle in any country foolish enough to permit this.

Nice, right?