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Previously the only real options we have to use as "money" are nation-state derived and under the control of central bankers. For various reasons, nothing else (eg. gold, stocks, property) presented a practical alternative to state issued money in fulfilling the core functions of: - medium of exchange - unit of account - store of value Central banks and governments always ended up debasing their currencies. They ranged from super-corrupt to just believing weird keynsian-stimulus stuff, and always end up printing money and debasing the currency. QE given to corrupt politicians as happens in africa enriches the politicians at the cost of everyone else holding or earning the currency. QE given to bankers as in USA enriches asset owners at the cost of savers and wage earners.

Finally, cryptocurrencies with fixed, limited inflation schedules provide a competitive non-inflationary alternative to state issued currency.