Of course we know the killer app for cryptocurrencies — it’s criminality!

Cryptocurrencies have been around for over a decade, and the only useful thing anyone has done with them that has any external use is to buy drugs, to money launder, and to evade currency controls.

It turns out that for nearly every honest real-world transaction, “trust-free” and “freedom from law enforcement” is entirely a negative thing.

I remember the early days of the Internet very well. There was never this uncertainty as to why a regular person would use it. I remember being sat down — this was before Google and all this — and simply being told that I could send a message to anyone else in the world, instantly, for free. I was an instant convert. And when I discovered the early search engines (remember AltaVista?), I was even more hooked.

Your article is well over a year old and yet we still have no idea what the killer app is for cryptocurrencies at all — but I’ll bet this hasn’t shaken your confidence one bit. Can you give some date in the future by which, if there is no legal application for cryptocurrencies, you will admit that this was overblown?