[lupire]

The fiat financial system works because all the financial engineering is underlying the real capital economy.

Ethereum has the financialization but not a real capital economy -- no one starts a non-cryptoc biz with Ethereum.

So, all the defi stuff only works when its bridged to the fiat money world, but that bridge is so full of scams and speculative bubbles that it's useless for legit work.

IPFS and Internet Computer are the bests idea for a real economy on the blockchain money. But anything non-computational, like physical manufacturing and offline services, are much harder to connect to cryptoc.