I'm not batting for either team here, but you just linked one of the PayPals of crypto - ie a company that holds onto your funds on your behalf. So it's not really a rebuttal to their comment.

I did so intentionally. The fact that crypto has still 'PayPals' is exactly my point. Whatever mechanism of value exchange you come up with, there will be intermediaries who pop up to move it around in different ways. Crypto does not 'solve' this.

I know that you know exactly what they meant by “crypto solves this”, but you’re just be snarky here and that’s okay

You don't have to custody on exchanges.

You don't have to put money in a bank.

You do if you want to send it online.

And I need to use an exchange if I want my paycheck to become crypto.

No you don't need to, you can trade with an actual person if you wish

Yea keep the funds in a wallet, not in a fucking exchange. That's the entire point.

Not your keys, not your coins.

"Don't use an exchange, crypto solves this!"

"Don't use paypal, cash solves this!"

Both systems have the same problem, in that people need to use intermediaries to accomplish the transactions they want to accomplish. Crypto solves nothing, it converts problems into different problems.

Except I cannot give cash to someone who is not in front of me, while I can send crypto to anyone in the world. You don't need intermediaries to transact in crypto, that's the whole point

Crypto definitely solves lots of problems for me and for many people I know IRL