Eh, by that logic you shouldn't consider any fintech company to be "real world" either because they just involve moving bits around in the banking world.

The difference is that you consider the traditional banking world legit and the crypto one scammy and fake, which is a perfectly valid opinion to have, but completely begs the particular question of whether any of this shit has real world utility.

Those bits moved around in the "crypto world" represent real world things. Do you also believe that email has no real world applications because it just involves moving bits between computers or that the money in your bank account isn't real because it's just some bits in a database?