What enables the exclusions of actors from the traditional banking system if not a different trust model?
Instead of having a 'trusted' 3rd party mediate your transactions, you use a blockchain. Difference being that the trust is now distributed over a large set of actors that are directly financially invested in maintaining the integrity of your transaction.
We can talk about cost and convenience if you want, but they were never at the core of blockchain/BTCs value proposition as far as I am concerned. In well-functioning societies anyways.
Instead of having a 'trusted' 3rd party mediate your transactions, you use a blockchain. Difference being that the trust is now distributed over a large set of actors that are directly financially invested in maintaining the integrity of your transaction.
We can talk about cost and convenience if you want, but they were never at the core of blockchain/BTCs value proposition as far as I am concerned. In well-functioning societies anyways.