He's making a point about actual cryptocurrency and smart contracts, and you're trying to refute it by pointing out that the good qualities of crypto do not apply to a random private firm that happened to slap the word "crypto" on its elevator pitch. Many such cases! Someone explains that it's healthy to eat vegetables sometimes, and you respond, "Actually, yesterday I ate a pound of deep-fried broccoli covered in pure corn syrup, and I got diarrhea afterward."