I would tend to agree with you. I believe that payments is probably the major driving force here but we have yet to see anything that rivals the Visa network for example.
Having some concept of money that isn't tied to a government is compelling. Take Lebanon for example which has seen 90% inflation in the last 2 years, the worst economic collapse in modern history... People's savings have been wiped out. This may not have been the case had there been a global alternative to keeping your money safe.
Big trading firms now make billions of dollars trading crypto. In some sense they are "keeping the networks alive"...
There's a ton of creativity in the entire space. I think maybe 98% of it goes away and we're left with the few gems that are useful or truly change society. In that sense there's a benefit.
Having some concept of money that isn't tied to a government is compelling. Take Lebanon for example which has seen 90% inflation in the last 2 years, the worst economic collapse in modern history... People's savings have been wiped out. This may not have been the case had there been a global alternative to keeping your money safe.
Big trading firms now make billions of dollars trading crypto. In some sense they are "keeping the networks alive"...
There's a ton of creativity in the entire space. I think maybe 98% of it goes away and we're left with the few gems that are useful or truly change society. In that sense there's a benefit.