One big benefit of crypto is you can't cook the books. So in markets where there is constant temptations for a human to say "I'm guarding he vault, why not fudg

One big benefit of crypto is you can't cook the books. So in markets where there is constant temptations for a human to say "I'm guarding he vault, why not fudge the numbers here a little and pay out my friends" those institutions will lose share to crypto. The other market that intrigues me is autonomous AIs. I can imagine an AI that can more easily trust a smart contract than a human institution. Essentially, you are right, but you're biased because you feel good in your network of human trust. Replacing that world with machines doesn't buy you anything because you'll still want to keep your human layer as the bottom line. But not everyone is so nestled in the bosom of modernity. Also consider scale. Banks won't loan you $1000. It's not worth the time to do the math, and find an appraiser. But a crypto contract can do the math for free, and a network of appraisers would contain someone who can do really fast work on a tight schedule. Like, "show up at Highland Mall on Saturday afternoon, I will appraise 50 businesses in 3 hours". That business model only works if you have infrastructure that takes care of everything else than the appraising, with much richer modeling than even banks use today.