I don’t claim to have any insight whatsoever, but I can’t help but think about all those decades old (now hilarious) articles about how the internet is a buzz word and hasn’t really lived up to its hype.
There is a distinction: the birth of the Internet saw many seriously useful improvements for its users - instant information, infinite retail stores, unlimited selections, connecting to others effortlessly, and so on. As far as I’ve seen, there isn’t any companies I can think of achieving similar improvements because of the blockchain other than speculation with cryptocurrencies.
I try to be very open minded and search for contrarian opportunities, but I really don’t see where those are here. I hear “decentralized” and “trustless”, but these are cultural terms like “privacy” that matter only when people want them to matter. If the culture doesn’t value “decentralized”, then the technology isn’t very useful. By contrast, all the skepticism in the world couldn’t stop the fact that Amazon.com was a massive improvement.