The only efficiency that blockchains offer is making KYC and regulatory encumberances redundant. In every other way, blockchains are inferior to incumbent syste

The only efficiency that blockchains offer is making KYC and regulatory encumberances redundant. In every other way, blockchains are inferior to incumbent systems. What will likely happen is that the regulatory hurdles that make incumbent systems inefficient will be reduced a bit, under the pretense that doing so is better compromise than using the alternative (bitcoin).