[AroundTheBlock_]

It doesn't. His example is nonsensical.

The best use cases for smart contracts are gambling apps (i.e., financial markets, exchanges), escrow services (collateral-based trustless loans), and perhaps some identity services

[weego]

People always seem to come up with gambling. No on in the gambling industry would want to have their business on top of a public blockchain so good theory but nope.

[drumdance]

There are already new gambling apps on the block chain. That existing players don't want this is irrelevant. Classic innovator's dilemma.

[pjc50]

Given US bans on online gambling, it's already been a market for crypto.