The sad irony is that blockchain will do more to promote dictatorship as a superior form of government around the world than any other technology.

Blockchain's primary usefulness has been to evade regulations, and due to the rapidly changing nature of the technology, representative democracies with legitimate legal institutions have lagged behind when it comes to regulating it.

The country that wins (prevents fraudsters and scammers who exploit crypto) will be a dictatorship solely because a dictatorship is the only form of government fast enough to either rein in lawless cryptofinance, or exploit it maximally.

When enough actual value creating people who bought in to the libertarian crypto fantasy finally realize that they're slaving away to make ends meet in an economy that enshrines meme coin shills and folks who use crypto to evade the law, it will have been too late.