I think it's the crypto bros who misunderstand it's "inevitability." Crypto has far, far fewer practical applications than the people pushing for it it claim. There are two useful situations for crypto:
1) Where you need a trustless distributed consensus method or database (and where the Oracle Problem doesn't get in your way). Trustless is the key word here, 99% of the time that someone proposes a potential use for crypto it would be better served by traditional databases like Postgres, or traditional consensus algorithms like Raft, because being able to handle such things in a trustless manner isn't actually as desirable as crypto bros suggest.
2) Where you need to bypass financial regulations, sanctions, laws, etc. Crypto has shown some real utility for buying illegal drugs and guns online, for example. Whether or not you see this as a good or bad thing depends largely on your political leanings.
Bypassing financial regulations is indeed a great thing. It’s none of your business whether someone wants to trade derivatives or earn interest on their own money. Love it when supposed investor protections aren’t opt out, and then the surveillance infrastructure they put in place get used for tax enforcement or state sponsored looting of political enemies.
Maybe if you lived in some 3rd world countries - you could find more utility for it. Hyperinflation is the default for some countries, being able to keep some evil dictators from your money might be a good thing.
F.x. instead of your money funding illegal wars in Libya you could save some of that wealth and try to build a better future.
I think it's the crypto bros who misunderstand it's "inevitability." Crypto has far, far fewer practical applications than the people pushing for it it claim. There are two useful situations for crypto:
1) Where you need a trustless distributed consensus method or database (and where the Oracle Problem doesn't get in your way). Trustless is the key word here, 99% of the time that someone proposes a potential use for crypto it would be better served by traditional databases like Postgres, or traditional consensus algorithms like Raft, because being able to handle such things in a trustless manner isn't actually as desirable as crypto bros suggest.
2) Where you need to bypass financial regulations, sanctions, laws, etc. Crypto has shown some real utility for buying illegal drugs and guns online, for example. Whether or not you see this as a good or bad thing depends largely on your political leanings.