[echelon]

Crypto is the thinking person's equivalent of an MLM.

Fiat works because a government for and by the people backs it. The government provides protection, services, and a means for the citizens to be productive.

Crypto provides none of this. Only a pyramid shape for the early adopters to get rich off the latecomers.

Nobody elects crypto whales or maintainers. You can't force them out of office. That's a bad structure for society.

Crypto is far from equitable and democratized. It's just a bunch of "finance bros" with code and cryptography, and all the power is at the top. It even lacks the release valves that fiat has.