@Qbitzerre Normally I just block cryptobros on sight because back when I used Xitter I got so sick of grifters trying to pull me into their schemes six times a day I just decided not to engage from then on, but in this case I think it might benefit at least curious bystanders if I reply to you.

First, please read The Global Minotaur by Yanis Varoufakis. I know my suggestions are probably rarely heeded because I'm a nobody, but truly, the financial system is not that difficult to understand when we look at the history of its constituent parts and focus on its structure as opposed to its countless accessories and equations.

Second, or relatedly, at the end of the day, all of us, and all of our currencies, fall under violent autocratic dictatorships, each of which is subservient to the central violent autocracy, the International Monetary Fund/World Bank (whose adjacent orgs arguably include the UN, ICJ, et al. by their implicit consent). If an individual does not play by the rules of her government, she is subject to punishment and considered in financial debt. The currency is not negotiable. The states accept only the currency they issue or deem valuable. This is why many cryptocurrencies try to make it into mainstream finance as acceptable, despite the idea that such currencies are a way out for dissenters.

If a state gets in financial trouble, it is the IMF/World Bank that has the (so-called) authority to forgive the state its debts, issue loans to essentially take advantage of the state's misfortune (putting the state in debt to the IMF/WB), or simply leave the state out to dry and its people to starve as it remains in debt to whatever surplus countries care to pick at its corpse. So even if a bunch of people decide to boycott the USD, the euro, or any or every other "official" currency by using a cryptocurrency, they are still poor in relation to the state, which is only as rich as it is said to be by the IMF/WB. The state, and then the central bank ruling over the states, do not respect symbols of value that they do not control. There is no way to escape the violent force of the financial dictatorship of the IMF/World Bank besides directly addressing and transforming the legal, accepted nature of how those institutions function.

It is not possible to have an economic system that operates independently within a global, violence-backed financial autocracy, unless the constituents of that economic system explicitly challenge and manage to transform the overarching autocracy. The forces enabling the IMF and WB to carry on with things this way are violent and ideological. It is the militaries and police forces whose officers believe in the justice or inevitably of their obedience to the autocratic structure that maintain the order and the autocrats' belief in the inevitability and/or justice of their status that keeps them from transforming it and relinquishing their status within it, themselves.

The officers occupying the IMF/WB can control the polices and militaries because those forces obey their perceived superiors. The only thing people who are not IMF/WB officers, supporters, or employees can do if we want to transform the superstructure is agree in great enough numbers that the central bank should be an egalitarian accounting and deficit/surplus regulatory program, and leverage the only "valuable" part we play in that structure according to its nominal rulers: that is, our economic activity. The real economy (construction, agriculture, education, etc., etc.) is of course in my eyes infinitely more valuable and important than the "work" of the financial sector, the IMF/WB, and the militaries and police. However, to the IMF/WB, militaries, police, and financiers, the real economy is seen as simply a big PART of the economy. Still, that is something. So because there is value in the labor and purchasing and general livelihood/economic activity of the people beneath the IMF/WB, polices, and financiers, especially in great enough numbers, that is the value we have to leverage to bargain for the necessary redistribution of power and change in the regime that would enable fair trade and accounting, and the abolition of international debt peonage and autocratic dictatorships.

If enough of the members of the real economy and enough of the members of the ruling sector see our mutual need to transform our superstructure into the egalitarian, horizontal structure it can be instead, where people are assumed equal and resource value and wealth and property is distributed by everyone wisely like that, then we can move in that direction together peacefully with the ruling sector consciously directing the militaries and police and financiers to the details of their new roles, and thereafter, taking on new roles themselves with the real economy.

In the meantime, creating a cryptocurrency is like trying to make the best of homelessness by sharing resources with other homeless people, all the while knowing that at any moment, a cop can come and throw you in jail or execute you unjustly for nothing, without question from anyone else, because above all of us and our coping mechanisms is our violent financial dictatorship.