Shame on whoever considers himself familiar with cryptocurrencies that downvoted this. This is a well worded argument for an opinion that one may or may not share, but whatever one's position about the "true believers" of smart contracts the parents points are valid, on topic and sensible.

Btc isn't here to pay your coffee or your salary, it's here as a fallback if you really need to get out of traditional finance. Same with ETH. You're not supposed to switch all your banking, notarial or legal affairs to the platform but it's there for cases where traditional contract law isn't desirable.

Now why so many people ascribed additional meaning or value to these platforms is the really interesting part. In a way, it's good these hacks happen as a reminder that this is what you signed up for. It's the wild west and you don't have a court or government watching your back. That's a (the) feature.