A preliminary version of this work will appear at NeurIPS '25 Workshop on Efficient Reasoning Some more experiments+insights to follow in the next arxiv update 👀

It is an enormous failure of the crypto movement that the ball stalled at “currency.” For all its talk of decentralization, economic power is now more centralized than ever. Real crypto adoption is not the market cap of tokens, but the number of productive applications of crypto principles. This means energy, data centers, compute, and manufacturing. Currency is just the glue. What the current crypto crowd willfully ignores is that crypto(currency) does not produce anything tangible. It does not create buildings, devices, land, or new science. Unless we build mechanisms that channel it into real production, all that remains is a cesspool of people arguing about tokens while 10 GW data centers rise around us and sovereignty slips away. We are not going to get a “multiplayer world” if all crypto delivers is DeFi. That would be a sacrilege to the concept of the sovereign individual.