I mentioned this in conversation yesterday and they found it of interest, so here is the prospective usecase for blockchain/crypto that is the main reason I am bullish and things like ethereum:
Artificial Intelligent agents will eventually get to the point where we are comfortable letting them act autonomously on our behalf. For them to maximize their value to us, however, they will need to be able to contract with other AI agents without human middlemen slowing down the process. This means they need a way to form contracts outside of the traditional legal system, particularly since we are unlikely to grant them personhood or power of attorney any time soon. Tokens and the blockchain offer an immutable ledger that will serve as a form of credible contracting for agents absent any legal institutions in real time. I expect they legal human agents will remain necessary for early stage formation and late stage ex post adjudication of disputes, but the micro (nano) contracting facilitated in real time will allow for an allocation (and arbitraging) of personal private capital not previously accessible to any but the largest personal and corporate wealth agglomerations.
There you go. That’s why I own a little bit of ethereum and plan on holding it for a few more decades. Don’t know if it will end up being worth anything, but that’s why I own it. NB: I didn’t google it, so I’m not sure if this is a standard usecase or not.
Economist Writing Every Day 