In theory, crypto could be good for this, but crypto is used (and designed) more as an investment than a transaction tool.
I would argue that while crypto is as investment now, it was initially designed and intended to be used for transactions.
Out of curiosity though, why do you think this situation would be any different if it were government controlled? Especially considering that you sometimes have administrations like Trump’s, which would do anything no matter how corrupt.
If it were government controlled, it would be accountable to the people, to the extent that the government is democratic (ideally, much more than it is now), and would also be run as a service rather than for profit.
I would argue that while crypto is as investment now, it was initially designed and intended to be used for transactions.
Out of curiosity though, why do you think this situation would be any different if it were government controlled? Especially considering that you sometimes have administrations like Trump’s, which would do anything no matter how corrupt.
If it were government controlled, it would be accountable to the people, to the extent that the government is democratic (ideally, much more than it is now), and would also be run as a service rather than for profit.