Hackers stole billions in crypto to keep North Korea’s regime afloat

This is the only promise that cryptocurrency held. Avoid government barriers. So we should celebrate the fact that it was not a complete scam.

I disagree. There's a tremendous amount of waste in the economy related to reconciling different companies' records of who owes what to whom and then getting that info to the bank and then hearing back from the bank about whether the debt was fully or partially paid and then relating that to whether the service continues to be rendered.

Moving from an accounts-receivable/accounts-payable model to a insert-coin-receive-service model would be a huge advantage.

It just hasn't happened because the vibes are wrong and it appears that they'll stay wrong for a while.

i agree smart contracts are the way forward, but you don’t need crypto or blockchain to implement them. You do need a trusted third party, to adjudicate when things go wrong.

We already have that. It's called courts.

I'm not saying smart contractors are more effective but they might be more accessible to the plebs than hiring a lawyer to prosecute your case.

Maybe if they're well regulated otherwise they'll just become another vehicle for corporations to take advantage of the same plebs.