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At some point it clicked to me that crypto people don’t really care about the utility. Main purpose is creating new players in the world with immense amounts of power. In the end, it did produce a lot of rich people out of thin air, and I guess, served its purpose.

Exactly.

It's called the oracle problem. It's the Achilles heel of the whole idea.

And it's unsolvable. As soon as you want to trade some coin for something real, you need an oracle.

Wanna buy a flat in a world where (for argument's sake) even the ownership of that asset is tracked on a blockchain?

Let's say I come home from holidays and someone else lives there.

How do I then prove it's mine? Because it says so in some computer?

Someone has to believe that is true and let me enforce that ownership tie.

Those persons (a judge, the police, even if robots by then) are the oracle.

And a more common scenario than theft is btw legal ownership transfer.

What if I die somehow before giving the blockchain keys needed for that to someone?

How will my brother inherit the flat?

Oracle.

Stable coins are not Crypto, they are just built on top of crypto to avoid normal financial regulations.

Crypto bros sure are quick to inform law enforcement and centralized financial authorities if their self governance fails

If they are not already there!

It takes a lot of derangement to see a story about North Korea hackers attacking a Chinese exchange and process it in terms of Donald Trump