What does FAANG have to do with exchanging money?

“We don’t need peer-to-peer digital assets when we can just trust [insert major tech corporation]” tends to be the common answer to my earlier question a couple comments up.

You're naming tech companies. We're talking about heavily regulated banks.

My original comment[1] is responding to the notion that crypto's technical problems are better solved by non-blockchain alternatives. The most common alternative is placing trust in an Amazon or Google database, or another tech corporation like Namecheap or escrow.com (for domain exchanges, as in my example). Banks do not typically manage domain name exchanges.

[1] https://news.ycombinator.com/item?id=31190423