So free markets aren't working, anarchy isn't working, regulation won't work, etc. What are we going to actually do about it?
Well made and interesting point. But I think that genuine diversity goes a long way to addressing corruption.
As long as there's always an alternative it's difficult to completely take control of any asset, no matter how powerful you are. That's what's potentially liberating about crypto - there's just so many damn alternatives and if one goes down in flames there's another 10 where it came from.
Adoption is another thing that inhibits corruptions. One of the reasons that scammers have so much effect on the price right now is that these markets are tiny/ As they grow the scams will still be there but won't be felt to the same extent by regular holders.
My final (rhetorical) question: If cryptocurrencies don't change a majority (or even minority) of the downsides to fiat and traditional financial instrments... why are we here then?
I'll offer an answer I gave on another thread...
Bitcoin is a monetary base......I'm in Bitcoin because of one thing and one thing only - an atrophying financial system that's on life support until something better comes along.