The key problem is that crypto only has value in the absence of a regulatory authority. If users have a 3rd party they both trust (the government), all of the w

The key problem is that crypto only has value in the absence of a regulatory authority. If users have a 3rd party they both trust (the government), all of the waste in crypto is unnecessary. However, it turns out for crypto to be used, it has to be centralized. Without centralization, it's too complicated for the masses.