Delaying payments allows banks to unfairly profit off fees and interest, fractional reserve lending, and leverage their clients assets to money launder for profit with terrorists and dangerous drug dealers. These delays also allow them to assist states in committing multiple crimes of asset seizurement and other institutionalized forms of theft. Some of these crimes are well intentioned but misguided and unethical , and some are done with the greatest form of moral disregard that only the worst psychopaths can muster.

What is obscene about Fiat is states usually refuse to allow for the choice in a competing currency (if they can get away with it, ). Currency is a form of expression and a contract of value that we all should have a right to choose. If the USD or Euro is superior under permission private blockchains than allow for it prove itself with competition.

It will be interesting to see the future unfold when a more resilient currency exists allowing regulatory arbitrage to benefit consumers is available. The previous examples that were attacked and shutdown were a fraction of the market cap bitcoin has so we are exploring uncharted waters.