Crypto-- the original view of it-- is anarchy. The crypto ecosystem we see today is a mode of failure of anarchy as a governance model.
You ultimately need a financial authority to promote "stable" prices, and even that statement is highly political. You also need some serious gravitas to protect the currency, and this is where the crypto episode is most curious. Governments that for years prohibited "competition" of this nature for years in the most draconian of ways, suddenly have been missing in action. That created an environment where crypto metastisized into something socially corrupt, and also it fosters doubt in the competency and motivation of governments to protect what has forever been their turf.
Anarcho-capitslism has always been laughably self-destructive if you are half-serious about modeling the incentives. Most anarchists don't seem to believe that capitalism as-is and anarchism can co-exist. Market socialists are probably the closest you get to having them co-exist.
