The comments here are terribly negative. I'll just paste a post I wrote from /r/ethfinance to explain why I think people who think that blockchain are a fad or

The comments here are terribly negative. I'll just paste a post I wrote from /r/ethfinance to explain why I think people who think that blockchain are a fad or just a money grab are wrong. I think blockchain to me personally in very practical sense offers better experience than my bank. And I elaborated this in a thread about a prominent social-recovery wallet (wallet where you rely on your social connections for reinstating you as owner in case of loss) adopting a much needed scaling solution: Using a social recovery wallet (Argent specifically) has been my top Keanu Reeves "WHOA!" moment in crypto. Years ago when I started coming to these forums and everybody was talking about how this or that chain's TPS is the highest my argument was always that none of it matters to end-user if the UX is not there. I would repeat this ad-nauseum and get downvoted. Feeling like wallets are the key I started a website and twitter account that analyses and compares the UX of different contract wallets. When Argent came around I stopped what I was doing because everything else was pointless. The UX comparing to other wallets was incredible. But even more importantly the user experience was better than my bank. You see, I fly a lot. And when I fly to different countries my credit cards (no matter how "international" they are) constantly get rejected and locked. When I try to transfer cash from my bank in country X while in country Y I get prompted for PIN numbers which I do not have, because I do not have my phone number. I walk around clutching my credit cards, got forbid they are stolen. And still every couple of years I have to cancel cards cause my credentials are stolen, so its not like the security is so awesome. When I started using argent (especially when they had daily-limits, which I feel will make a comeback with lower gas fees) I realised that it has none of the problems I had with banks. And also, I can get yields on my assets and stake straight from the wallet. Send money to charity? Easy! Send some ETH to friend so that they can play with it, or cause I owe them? Easy! No seed phrase to worry about! Wallet gets stolen? No problem! In every way that I can think of I would prefer a social recovery wallet. I barely even have any funds on my Trezor (hardware wallets are awful UX. telling people to use them is a sure way to dissuade them getting into crypto. Even I, a power-user, take out the hardware wallet once every few months cause it sucks. And then there's the seedphrase, gah!). But the obvious elephant in the room is - gas fees. Argent even changed their transact/recover logistics cause a wallet that could be perfect for payment was never used that way, it was only used for long-term safe storage. Back to Liberosist's write-up and zkSync. There is probably a long way to go in terms of speed and adoption of crypto payments. But if transactions get cheaper I do no see any use from my bank any longer - zero! I am even willing to pay money for L1 recovery. This would be the true unbanking of the banked.