That's whom cryptocurrency confidence games is currently serving, though. It vacuums off bad investors far more than bad markets ever could have, and leaves society to deal with the mess. Stablecoins is just another way to pass off the sort of bad debt that has led to bank rescues of the past and the fall of Lehman Brothers. You say you are tying it to currency, and then begin tying it off to bad debt obligations.

Ideals and reality are vastly different things.

Much like the the american dream, capitalism, etc, no matter the system, if people are able to hoard wealth, they hoard power.

Crypto does nothing to change anything except make hoarding easier since the supply is finite.

Crypto is not anonymous.(no matter how hard you believe) Crypto is not about your freedom. Crypto is not going to make the world a better place.