Good writeup. It's amusing to me all the VCs and developers running around trying to find the "killer app" for blockchains, somehow not realizing that reinventing money is the most killer app possible.
the killer app for VCs is flipping tokens for 100x profits onto retail investors.
for everyone else, the killer app is bitcoin.
VCs know blockchain has no use case. They are only in it to flip the tokens to starry eyed idiots and make most of their money back without a real IPO or dilution.