Don't see what technology has to do with it. All sorts of weird financial instruments are created, grow enormous, and then either are banned, or scare people enough that everyone stops using them.
From OP comment, “ Do you think this cycle the whole crypto space goes down the drain never to be heard of again?”
Obviously the tech is part of the “whole space” and not a fade; didn’t even bring up encryption, which is the fundamental core of crypto. Sure encryption might be ban, but if you think governments will apply that to themselves, that’s obviously not a common or reasonable position.
Obviously the tech is part of the “whole space” and not a fade; didn’t even bring up encryption, which is the fundamental core of crypto. Sure encryption might be ban, but if you think governments will apply that to themselves, that’s obviously not a common or reasonable position.