While high-and-mighty economists can claim that crypto and the tech behind it are useless and pointless, the reality is that the true value of crypto lies in its enabling forces rather than in its “Number Go Up” power.

Not Pointless: Crypto Has an Enabling Power – but You Must Need It

A recent piece by Ryan Cummings, a staff economist for former President Joe Biden’s Council of Economic Advisers, and Jared Bernstein, who served as chair of the same council, has again reinforced the old and wrinkled notion that crypto is a solution in search of a problem, declaring it “pointless.”

While not entirely original, as some economists have pointed their finger at the industry with the same prerogatives, the novel idea is to tie…