> Smart contracts, DAOs, payments, self-sovereign identity, tokenization of real world assets, a few security use-cases, operating markets for prediction and asset-trade outside the control of external authorities (libertarian wet dream stuff), insurance and legal arbitration outside of the control of external authorities (more wet dreaming, but it’s happening), supply chain / provenance of assets…
None of this has proven any value in the real world.
Libertarian wet dreams are the other side of the coin of communists' wet dreams: utopian, not based on reality, not feasible in our current reality.
Legal arbitration is only possible under a legal system, that is under a government, that has a military and other enforcement powers. Some bits proving that a contract is valid won't change that...
As usual from the cryptospace, it's all techno-babble built on a house of cards that hasn't given anything to reality except an easier way to transfer funds without KYC, so basically it's a wet dream for criminal activities: scams, drug deals and so on.
Ring me up when all these wet dreams become a reality, they've been repeated ad nauseam for quite a few years already and nothing has really materialised.
