> non-custodial wallets in general to protect people from predatory institutions or governments
You can do that now by hiding money in your mattress. In both cases, it's not on you to protect your money, and a lot of people who are tech savvy have been failing to do so. Regular folks are going to get robbed often.
> smart contracts that always do what they say they'll do
Except when they don't, because they have a bug, and all the money is stolen.
> inherent global jurisdiction of blockchains, ie. borderless
This is only true if you are able to spend the money as cryptocurrency. Once you try converting that into fiat, you start hitting those borders really quickly.
> vastly reduced transaction costs
Except that the transaction costs are higher, on average, and especially so if you consider the fees for converting from fiat, and back to fiat.
> Tesla stock (backed by custodially-held physical shares, not synthetics) has been available on Solana for some time
Sure, but a financial institute is holding those shares. You could cut the middle-man here (the cryptocurrency) and just use the financial institution.
You can do that now by hiding money in your mattress. In both cases, it's not on you to protect your money, and a lot of people who are tech savvy have been failing to do so. Regular folks are going to get robbed often.
> smart contracts that always do what they say they'll do
Except when they don't, because they have a bug, and all the money is stolen.
> inherent global jurisdiction of blockchains, ie. borderless
This is only true if you are able to spend the money as cryptocurrency. Once you try converting that into fiat, you start hitting those borders really quickly.
> vastly reduced transaction costs
Except that the transaction costs are higher, on average, and especially so if you consider the fees for converting from fiat, and back to fiat.
> Tesla stock (backed by custodially-held physical shares, not synthetics) has been available on Solana for some time
Sure, but a financial institute is holding those shares. You could cut the middle-man here (the cryptocurrency) and just use the financial institution.