The Disconnect Between Transaction Speeds and Settlement Speeds in the Monetary System

The monetary system is broken due to a disconnect between transaction speeds and settlement speeds. Technology has allowed for faster movement of money, but settlement still lags behind. Centralization and abstraction have been used to bridge the gap, but this has created issues. There are over 160 currencies worldwide, and smaller currencies lose value quickly. Many people are trapped with poor money. Additionally, there are problems such as high levels of debt. Our current monetary system is held together by duct tape due to technological limitations.