I know very little about cryptocurrency, but from my understanding this thread is mostly on point. Would be interested in views from experts in the areahttps://twitter.com/justinlabel/status/1433630073974894594 …
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And sure, evading laws has value (many people I know who trade crypto used it originally to buy drugs) but certainly not the sort of value ascribed to these currencies.
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There's far less there than meets the eye. Smart contracts have ended up being pretty useless in practice because having a failsafe in the form of a legal system run by humans who can fix mistakes turns out to be surprisingly desirable.
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