This is very well put. If you believe the trade-offs of permissionless and private communications (as granted by cryptography) are worth-it and you don't think

This is very well put. If you believe the trade-offs of permissionless and private communications (as granted by cryptography) are worth-it and you don't think similar trade-offs to value transfer are worth-it (as granted by cryptocurrencies) you have to be able to explain how you are tracing the risk-reward in both cases to arrive at different conclusions. I'm not claiming it's not possible but certainly some very fine-tuning of the weights involved is necessary to reach different conclusions. The average opinion (as in, the most oft-repeated or most popularly represented through upvotes) in HN maintains opposite conclusions. Which is an interesting observation.