[GunRunner]

The blockchain doesn't have many applications outside tracking cryptocurrency transactions. The enemies of crypto often use this refrain, for instance listen the Gates/Munger/Buffet interview where Gates says something similar along the lines of "Well Bitcoin is worthless, but the blockchain technology is very exciting."

It's a way to sound forward thinking while torpedoing the real threat to power, which is a decentralized, non-central bank controlled medium of exchange and store of value.

The blockchain is critical as a decentralized and unhackable tool for tracking the movement of value for something like Bitcoin, but it's hopelessly insecure, inefficient, and power hungry, and not relevant to much else. Why would anyone store anything of value on a blockchain, other than cryptocurrency tracking?

The digital contracts foundation of Ethereum and the ERC-20 tech standard is interesting, but even that isn't fully decentralized.

[jdsteel]

“ It’s a way to sound forward thinking while torpedoing the real threat to power, which is a decentralized, non-central bank controlled medium of exchange and store of value.”

To be a store of value it must have value beyond that which is given it by it’s proponents. Crypto does not.