Let me blow up some of these arguments with a real world example: the Canadian trucker protests over vaccine mandates. Officials were all too happy to freeze suspected bank accounts and coerce services like GoFundMe into halting payouts to truckers. Just about the only way to get funds through to protesters was to use a blockchain based service like Bitcoin.

If Bitcoin didn't exist already we would have to invent something like it to deal with government overreach and centralized finance like what happened in Canada this year.