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I wouldn't call it silly. The idea behind cryptocurrency (distributed agreement) remains a difficult problem to solve efficiently and securely. If nothing else, it is a worthwhile thought experiment.

As for whether or not any cryptocurrency will ever be stable and widespread enough to be usable in the western world remains to be seen.

Trustless distributed agreement.

It's an interesting algorithm, but not actually useful. Society is literally built on trust. So "anti-government" (or "anti-social"?) currency is the only use for it.

The early smart people are now rich smart people. The late smart people aren't very smart after all.

Do you also think it's silly that credit card companies can charge merchant fees from 2.5% to 5% for everything you purchase. Whether or not you use a credit card, you still end up paying the fee because it still gets passed on to you. the future may not be Bitcoin. But, Alot of smart people saw this opportunity: I wouldn't write it off just yet.

Perhaps there's a reason why smart people are attracted to it.