Cryptocurrency is in many ways a natural evolution of prior representational systems, though one that favors truth over state-sanctioned power. He characterized digital currencies as just the 21st centurys version of that flimsy paper money and also pointed out that the decentralized and open character behind them stand in contrast to the government-run property systems (and the financial vehicles that followed it). According to Lubin, networked open platforms will eventually serve as the foundation for collective common-good relationships, overall replacing an adversarial system comprised of corporations and customers.
I do not agree with your opinion, because this is one of several ways to continue paper money. There are more stable and valuable assets in which there is now much more confidence and investment.