Comment by DiscourseFan

The point of crypto is not "breaking the rules." Bitcoin might be inefficient but its mostly used as a reserve currency these days. Crypto in general, however, is the first currency that is backed neither by its cult value (gold) nor the military and economic strength of the country that prints it (USD), but entirely by technological foundations itself. It is revolutionary, if also very power inefficient. It is effectively reducing the role of the state to an intermediary regulatory body as technology continues to advance to the point where such civil laws are not required. Of course the corporation, as an entity, will come to dominate the world, but that is the natural progression of history and can also be overcome through social and political movements. But not before the state itself, as a political entity, is effectively dissolved.