For e.g., you could literally send NFTs to any address (including a smart contract address) which make things stuck forever. Now there's a safe way to transfer things which check whether or not it is a valid address. And this became the de facto standard for almost any NFT smart contract.
All these didn't came out of nowhere.
The trust in put on the code itself which not one but all of us agreed upon. Today, we don't have the tools to allow people to actually understand it but it doesn't mean that we won't in the future. Abstraction layers will be built.
Of course this is an optimistic speculation. I'm personally not attached to crypto in anyways but I'm excited about innovative opportunities that it enabled.
There are ponies and magical unicorns that grant you wishes.
> Abstraction layers will be built.
And those abstractions will definitely be built and will be different from any existing ones because? And once again we will have to trust people building them that they are built correctly.
> I'm excited about innovative opportunities that it enabled.
And those innovative opportunities are what exactly?
Blockchain present us with a new way to coordinate online activities and transactions. It's the right path forward? We don't know, at least not until we exhaust all the possible options and therein lies a lot of opportunities for technical breakthroughs that could possible solve all the concerns we had, technically.
Demagoguery
> Blockchain present us with a new way to coordinate online activities and transactions.
No it doesn't. Blockchain is a distributed spend-only log. There are very few if any applications for it.
> therein lies a lot of opportunities for technical breakthroughs that could possible solve all the concerns we had, technically.
Yeah, yeah, magical blockchain will solve all the issues, we just have to believe hard enough.