I don't understand what you mean, are you saying normal electronic bank transfers actually involve someone moving a bag of coins from my bank to Ireland?
You mean value that fluctuates "randomly" on the daily in what was proven to be a manipulated market? A market plagued by corrupt, insecure or amateur on-ramps like Quadriga, Bitfinex or MtGox? Anonymity goes out the door as soon as you get verified on one of these on and off ramps.
You cannot have a store of value if the only value that is created is a speculative agreement. The same critique that went behind fiat currency no longer being backed by gold applies just the same to cryptocurrencies. Turnkey solutions like stablecoins essentially mean you are now forced into using them as a pseudo bank and counting on them to not be handling fractional reserves at any point in time.
Crypto can have its uses in time, but it is not the emperor's new financial panacea that many people hope it is.
Regardless, the project is pretty cool and so is its execution.