While I think the there is potential (that we are a very long way from realizing!) in the underlying tech—see previous comments about transfer of wealth/power—I’m more-or-less aligned with Brian Eno’s take on the current state of the “crypto” space:

Much of the energy behind crypto arises from the very strong need that some people feel to operate outside of a state, and therefore outside of any sort of democratic communal overview. The idea that Ayn Rand, that Nietzsche-for-Teenagers toxin, should have had her whacky ideas enshrined in a philosophy about money is what is terrifying to me. Brian Eno

His take on NFTs is also pretty 🔥