I've worked for a crypto startup.

They were frank enough to tell me that their business could have done the same thing in a centralized fashion, but they wouldn't have gotten funding.

Cryptocurrencies don't have a "killer app". Something for the common person.

I suspect that even when they do, it will be incidental. Something that could have been developed as part of a centralized architecture, but built with cryptocurrencies because the financial support was there.

> permission-less loans and lending

What does this mean?