But at least with bitcoin it is possible to insert an arbitration layer over and above the currency. The execution of transfers in bitcoin is still separate from any associated contract, which makes it more flexible and therefore more viable imho.

Watching this rapid evolution towards traditional legal systems reminds me of an oddball scifi story about life on the surface of a neutron star. Everything moves so quickly that, by our perspective orbiting the star, civilizations may rise and fall within days.

https://en.wikipedia.org/wiki/Dragon%27s_Egg