Had it not been for crypto, there would be massive covert espionage on US information systems. Crypto has acted as a canary, leading to hackers exploiting those vulnerabilities in a very dramatic and public way. That has led to a massive hardening of networked computer systems, which has likely saved far more money, in prevention of corporate espionage, than has been lost through the crypto heists.
And that's just on the cybersecurity front. In terms of economic empowerment, reducing financial friction, enabling greater participation in commerce via stablecoins, it's been a massive boon. There would be totally law-abiding people right now who would have practically no international banking options if it were not for blockchains.
And that's just on the cybersecurity front. In terms of economic empowerment, reducing financial friction, enabling greater participation in commerce via stablecoins, it's been a massive boon. There would be totally law-abiding people right now who would have practically no international banking options if it were not for blockchains.