So... I am not at all trying to advocate for crypto here, but the putative value is in having an anarchic currency that is easily exchangeable. That is, if you

So... I am not at all trying to advocate for crypto here, but the putative value is in having an anarchic currency that is easily exchangeable. That is, if you had money and wanted to convey it digitally outside of traditional regulated institutions, how would you do it? There's gold, art, etc but that's not easily movable. Now, there's lots of issues here, like how you translate the crypto into other traditional regulated assets if need be, or traceability, or energy use, or security, but that's the putative value: easily moving value outside traditional governmental boundaries. To be fair, if you've ever looked into buying something grey or black market online, I think the value of some sort of cryptocurrency in theory is apparent? I'm not sure any crypto at the moment checks all the boxes, though, and some of the assumptions about use seem a little naive or disingenuous, but I can see the idealized use case value. I could in the abstract imagine some kind of decentralized accounting system taking on the role of currency, probably de facto, but I'm not sure current cryptocurrencies are that.