The author misses the point about why cryptocurrency is stupid, which is that law is the ultimate arbitrator of ownership, not a piece of paper or a magical tok

The author misses the point about why cryptocurrency is stupid, which is that law is the ultimate arbitrator of ownership, not a piece of paper or a magical token. Anything that goes against that goes against the point of having a government and results in stupidity like funding the North Korean dictatorship and slavers running scams in South East Asia. This adds another layer of stupidity on top, proposing that people buy a deflationary asset that they are not required to own.