Beany babies spawned a lot of successful business, but you absolutely cannot from derive that they were fit for purpose, or in any way useful.
You're cargo culting.
They're still a solution in search of a problem, backed by tech people who think they understand what they are trying to replace.
Once you understand the fence you can tear it down, but cryptonerds really really don't understand law (they think smart contracts solve a problem) or economics.
There are few things more annoying than hearing a crypto cultist talk about economics. It’s like a plumber lecturing me about database architecture based on their Excel experience.
Ironically people who actually work as blockchain devs are very chill about it.
You're cargo culting.
They're still a solution in search of a problem, backed by tech people who think they understand what they are trying to replace.
Once you understand the fence you can tear it down, but cryptonerds really really don't understand law (they think smart contracts solve a problem) or economics.