In a world where cash is disappearing, this is crypto’s single validated value: in exchange for giving up the stability of a currency, you get the resilience of crypto.
> decentralised Crypto protocols are governed by code that cannot be practically censored or easily changed. For example, you know exactly how many bitcoin will exist in 80 years
Crypto has value in its interface with humans. (This is true of value, fundamentally.) Pretending it’s robotic money is a convenient fiction. If miners decide the number of Bitcoins needs to be increased, it will be increased. You can plead you’re on the real chain, the one as it was meant to be. But that is akin to refusing to convert your lira into Euros on principal.
> we have never had a platform with standardized APIs and immutable open programs for finance
This is almost entirely on account of regulation, not fundamental limits. There are some nonsense limits. Crypto has done a good job of uncovering those, and they’re in the process of being fixed, e.g. FedNOW and T+1 settlement.