Because it’s the bank, financial institutions and the trail of transactions registered to known entities who say whose the money is. For crypto you only need the keys and it is yours.
Banks also have control of their own ledgers and can just issue a reversal transaction. If it’s between two banks, it’ll be more complex, but overall that’s still the case
But yeah, he’s gotta point. Why don’t central banks loose money like this? Is it because their cash isn’t in a Blockchain?
Because it’s the bank, financial institutions and the trail of transactions registered to known entities who say whose the money is. For crypto you only need the keys and it is yours.
Banks also have control of their own ledgers and can just issue a reversal transaction. If it’s between two banks, it’ll be more complex, but overall that’s still the case