Agreed.

The way I see it though is it's a solution looking for a problem.

"Look, we can build a decentralized database."

"Wow, let's try and use this to replace EVERYTHING"... and yet so far it has replaced nothing.

The most basic and obvious use cases – a Venmo replacement, a credit card replacement, and sending money across borders – these are all still done the traditional way, and it doesn't seem like that's about to change.

I'm hoping to be proven wrong, especially for the credit cards use case. Would be nice if everything cost 3% less. But it doesn't appear to be on the horizon.