I agree with OP. I started off my career at a derivatives trading firm in NYC. There were thousands of other firms making billions of dollars doing the same thing for even more esoteric financial instruments. And I'm a realest, they were just shuffling numbers around to get rich.

Payments and transactions are not the value, fintech automation with Defi is where the money is.

>It's happening therefore it must work?

Yes exactly, use cases are not important. This is how wall street works, giving the same features to citizens instead of large financial firms is an important distinction, and the reason why, unlike tulips, it will not fade away.

"Whether it's useful is not important, only whether we can make money off of it" is one of the more dangerous attitudes to come out of Wall Street in recent decades.

> Whether it's useful is not important, only whether we can make money off of it

I never said that.

Emotions, morals, and use cases have no place when you look logically at what blockchain is, at it's very heart it's pure math. People certainly make money using math, but that not the point.

No matter how much people try to add their own bullshit on top of blockchain, it's human nature to measure value and use economic agents. Both math and blockchain have to same primary function, ascertaining truth, which is the most important factor in economics.