during times of chaos, centralized exchanges go down and RPC nodes go down. the incentive model is to run your own RPC node that has processing bandwidth so that your transactions can reach decentralized exchanges and continue doing whatever you wanted to do. times of chaos in this instance would be to swap to a stable value.
the answer truly is "you're holding it wrong"
I think there is plenty to criticize about what crypto proponents say, but there is a technical discussion worth having at the same level of parity we have about many other things on this forum
But my point is that if this is actually the target market for these products - people who are gonna run their own nodes - then that market is like five orders of magnitude smaller than the crypto industry wants it to be.
Speculation drives innovation and crypto is the rawest form of that we have, in a global, nonstop market with extremes of selective evolution: permission to fail, instead of guardrails
Practically none of the things that attract people to the space would have been developed without encountering frictions from speculation, and fixing them
You're 100% correct. The Eth L2s are all incredibly centralized. However most stablecoin transactions (ie payments) don't happen on Eth and it's various L2s anymore and I wonder if the same may be true to tokenized assets (RWAs).