I think you misinterpret my statement.

Just as you have just a finite set of notes on a piano, you can create infinite music.

And even if IT has a finite set of regular tools like SQL databases, programming languages and protocols, it's the thing you create with that, what counts.

Blockchain is a tool that does nothing better than existing tools.

Blockchain is a solution to a problem nobody has.

I don't know if you'd count it as a blockchain solution but I constantly use crypto to send money to my family and it's the best solution that I've found.

And yes, I now about transferwise, paypal, swift, etc. And using crypto is faster and cheaper.

I call maximum shenanigans on "cheaper" unless you're sending large amounts of money.

Bitcoin: ~$25

Ethereum (and all tokens): ~$17

For comparison, to burn that much in fees on Paypal (2.5% + 30c), I'd need to send around 10K.

Crypto is currently pointless for anything other than big transactions, and the unpredictability of the transaction fees, let alone the coin's value, is a big problem.

There's more than just bitcoin and ethereum

Not that have any kind of mainstream usage.

They have more than enough to make transactions cheaper than other alternatives. Call it whatever you want.

What are the tax implications for the receiving side?