No, I think that's approaching a strawman. Speaking as somebody that doesn't give a shit about cryptocurrency.

It's all tradeoffs. The same power that grants the ability to reverse transactions also grants the ability to reverse a transaction in bad faith and commit fraud. Will the system correct that? Would it surprise you to know that it doesn't have to? That same power also grants the ability to lock an entity out of any kind of monetary transaction, and things like debanking. Usable for good? Sure. I don't think it's controversial to say that it being leveraged against Hunter Biden was at all justified, however. Would you like to be on the receiving end of that? Would you like to see a world where an LLM gets to decide that kind of thing based on your presence in the surveillance panopticon?

To that sense, it's really just a disagreement on what tradeoffs are acceptable. People who have a utopian view of cryptocurrency are looking at some tradeoffs as preferable to others, it's a different failure mode. To be clear, I don't necessarily agree with it myself, but you shouldn't be so uncharitable to people to assume disagreement is always a matter of delusional ignorance.

> To that sense, it's really just a disagreement on what tradeoffs are acceptable. People who have a utopian view of cryptocurrency are looking at some tradeoffs as preferable to others, it's a different failure mode.

Another way to restate my comment is: cryptocurrency is technically interesting but the tradeoffs it made to focus on certain edge cases mean that for pretty much every use-case, the preexisting technologies are superior and/or cryptocurrency is practically unworkable.