Why can't both exist though?
Each with their own advantage/disadvantages, and you get to choose which one to use after considering the tradeoffs.
Things I would use crypto for:
* Money transfers, particularly cross border payments. Low fees, quick confirmation from all parties.
* Any transaction that I would like to keep my privacy on (and this does not mean illegal things, btw).
Things I would never use crypto for:
* Storing wealth. For me personally it's too much of a bet, we're always one right (or wrong) math proof away from all of this becoming dust.
* Smart contracts. Anything that requires a contract between me and someone else, I'll keep using the tried and tested way of common law. I'd rather have my business backed by the Delaware Chancery Court (which has proven to be quite effective these past weeks) than by the code wrote by some random upwork contractor.
Each with their own advantage/disadvantages, and you get to choose which one to use after considering the tradeoffs.
Things I would use crypto for:
* Money transfers, particularly cross border payments. Low fees, quick confirmation from all parties.
* Any transaction that I would like to keep my privacy on (and this does not mean illegal things, btw).
Things I would never use crypto for:
* Storing wealth. For me personally it's too much of a bet, we're always one right (or wrong) math proof away from all of this becoming dust.
* Smart contracts. Anything that requires a contract between me and someone else, I'll keep using the tried and tested way of common law. I'd rather have my business backed by the Delaware Chancery Court (which has proven to be quite effective these past weeks) than by the code wrote by some random upwork contractor.