Thanks for the measured take, you're right i am painting with a broad stroke here. And there's great irony in what you're describing because if that's what the blockchain is, then it's just a piece of legal infrastructure for governments and big corporations. A nice bit of tech, and a fine industry for a few companies to rake in billions a year, but nowhere near the trillion-dollar industry that the investors were pissing themselves about. And their thesis was all fucked so they burnt all that cash on consumer facing gizmos nobody wanted, while they should have been quietly pursuing institutional contracts. Really ridiculous way to waste enormous amounts of money.