I'm not going to argue against ignorance. One can simply google the technology and see for themselves instead of drinking the Kool-aid from others. There's a reason for the large push against crypto; an agenda.

Programmable consensus and smart contracts are easy to learn concepts.

https://medium.com/coinmonks/escrow-service-as-a-smart-contr...

*Also one should know it is offensive to call another's work vaporware. Especially, when one is relying on anecdotes. Next I'm going to be told IBM and Google are wasting their time and shareholder money on blockchain.