[jaxtracks]

Maybe for the first-wave of OG crypto geeks. I think there's a second wave of crypto-bros who came to run a grift, and then a third wave of suckers that were just there out of financial FOMO. Crypto supplanting established institutions wasn't so much an ideological goal for them, but a necessary condition of their tokens becoming valuable enough to escape, in crypto-bro parlance, wage slavery.

If this is the case, I think it's easy to see why the core movement of folks trying to create alternative societal infrastructure, usually with an anarcho-crypto-utopian vision akin to Daniel Suarez's world in Daemon were quickly drowned out by the massive second wave of grifters. Maybe now that the grift is played out we can get back to the cool stuff decentralization enables aside from Ponzi schemes.