You must be a miner.

I would say that not backing crypto is a huge mistake that will cause all cryptos to be unstable unless wide acceptance is achieved (for goods and services), and that wide acceptance seems not to matter much to miners because it is much simper to hype a coin and sell it off on an exchange, since you have no interest whatsoever it is becoming currency.

After all, currency was supposed to be the point of cryptocurrency and the vast majority of crypto cannot be readily exchanged for goods or services because of the fact that long-term the volatility of the coin is so great that it is only of value to 3 types of people, all of whom are an extreme minority of the population: #1 Developers #2 Miners #3 Investors who have yet to loose a large amount of money dabbling in crypto.

If a system of physical goods backed cryptocurrency were to take off and be refined so as to be available to many different countries/localities then crypto could eventually lose it's horrible reputation as something that is only used by druggies, scam artists, and uber-geeks and it isn't used as currency by ANY of them either.

Cryptocurrency has yet to solve many of the problems it was set out to solve because of lack of wide acceptance, this is because of a fundamental misunderstanding about the way trust factors into economics and trade.

Scammers: An irrevocably sent digital item is naturally going to become the currency of scammers because all they have to do is convince someone to press send and they get the coin, then they try to get it into local currency as quickly as possible, after all, they are aware of the volatility as well. For them, crypto is just a way to get the fiat they want, not something they want to hold. NOT CURRENCY TO THEM.

Druggies: Again, this is just about the supposed un-traceability of crypto, which we all know to be an illusion at this point, it allows you to buy drugs that will be shipped to you if you can trust your drug dealer enough. Again, this is something that drug dealers don't want to hold, they want their fiat, and the drug user would probably be just as happy to use paypal if he thought that he wouldn't be prosecuted of locked out of the use of his money for doing so. NOT CURRENCY TO THEM.

Uber-geeks: This is more than half of the people on this board more than likely, but unless you are a developer who has has some success or can't figure out that the one year chart on virtually all of the alt-coins shows a crazy ginormous loss if you had purchased any crypto from fiat to btc to whatever that alt-coin is, then you aren't viewing crypto as currency, it's a hobby or a curiosity or a means to make fiat that you can pay your rent with in some rare cases. In either case nobody on earth can get by with only crypto to spend unless they are living with their mommy and daddy who are clueless about why their electricity bills have been so high. so... NOT CURRENCY TO THEM either.

The only people who truly view crypto as currency (not just a way to send fiat that is a little more complicated) are true believers and some developers.-- There are less and less true believers as they get scammed out of their coin, hold too long, buy at the wrong time, etc. And even developers are finding that it is taking more and more time to come up with a coin that seems different and the amount of time that the coin is worth something meaningful is shorter and shorter.
 
It is time for a crypto to do something more than make money for developers and miners.