What I am trying to get through to you is, just like how the LIBOR scandal doesn't implicate fiat, scammy crypto projects doesn't implicate crypto. My criticism of fiat is it's fundamental systemic weaknesses. It seems your criticism of crypto is it's used by scammers. A criticism that, incidentally can also be levied at fiat.
The main difference between these "shit coins" and fiat is once the shit coin scammers eventually pull the rug, they cannot just print more of that coin. Fiat scammers can just print more of that currency.
But in both situations one does need to look at the economics of the coins, and the priors of the people in control.
I think I didn't make myself clear. When I said "by volume" I meant was the amount of value the different systems hold and the amount of if not outright fraud, negative aspects of the systems.
The fiat money systems' money supply has a fundamental weakness, it can be created out of thin air so is constantly loosing value. Think of all the investment vehicles or other assets that tie themselves to this loosing value asset. Trillions in USD. And what's it all backed by? Ultimately guns. Well most crypto currency is backed by maths and no matter how many guns you point at it, you cannot make 2+2= anything other than 4.
At the level of individual acts congress has no legal power due to the separation of powers. However, congress is sovereign and has the absolute power to make, modify and discard any law it chooses to as long as it's constitutional (and they can amend that). This kind of power means that they have extra judicial influence and threats have real weight.
The whole no tax on tips is a bit of a head fake. You hear that and you think: "aw, that's nice. Wait staff will get more money". You're not thinking about the millions wall street gamblers get in bonuses will now be classified as tips.
A better policy is for wait staff to be paid a living wage and paying staff is a cost of doing business.
How powerful a tool X is depends on how much legitimacy it can gain. If politicians are leaving the platform it can't be long before advertisers also leave.
I'm old enough to remember Myspace. Even Facebook is a bit pacé nowadays.
Yes, crypto assets is another thing the Democrats cede to the libertarian right. Their abstemiousness risks the politicization on factional grounds.
Not every crypto holder is a Mises quoting, Ayn Rand reading, tax avoiding weirdo.
This is the outcome of Capitalism . Even the new Open Access Operators are no guarantee of sustainable salvation. As Capitalism in a free market will always seek to acquire and merge. Or out compete and destroy competition.
For personal things, computer, phones, etc. Big corpos cover this by a EULA. EULAs also covers forums controlled by the companies. For public places like websites, you can control search engines by using a robot.txt file.
While it's a bit off topic regarding the question, if you want a quick glimpse of what's out there, try https://distrosea.com/