Hm... Am I too old, too conservative or simply cautious?
In the "broken banking systems" there are laws, regulations, guarantees, plans if something goes wrong - and it's bad
In the crypto world, like this case for example, it's just a matter of trust. We will provide the services, we sware to god.
If this is true what you say, I'm... Speachless...
In true crypto projects (Bitcoin, altcoins including steem and somewhere in the future SMT) trust is not necessary. Everything is written in code, so there's no need for laws besides what the code dictates.
From that point of view, steem engine is not a crypto project, they just use a blockchain as their database (or to be more precise: as a publicly visible backup for their own, traditional, database).
I think the word you are looking for is...intelligent (that's totally lost on ideologues).