shitcoins are always wrong tradeoffs that destroy the value proposition, that's why bitcoin is always and always will be the cryptocurrency
Discussion
I won’t say they are wrong, they are experimental and will eventually prove your point. I have my own theory of decentralization, I observe those shitcoins to confirm my theory.
to be fair to fluffybunny and zooko, at the time they seemed like legitimate concerns
but the reality is that UTXOs surf this beautiful medium between public and private in a way that enables full auditability
these other projects also, i see the value of some parts of what they are doing... i remember when i first heard the expression "smart contract" and it sounded magical but again the reality is it's just a database with a property of ownership (cryptographically ensured exclusive control of changing parts of the data)
those smart contract systems have got better and i am even now in the process of learning to work with a rather good one called Move
i think the overall projects using it are losers but the technology will have its value