I share some of your concerns. I'm really not nearly as enthusiastic about central bank and government buy-in on blockchain as many seem to be these days. The ones who are happy about that are mostly in the crypto space to make a quick speculative buck off the rise of the value in tokens, such as last month. To me, there's nothing good that can come from tokenizing fiat currencies for use within the mainstream of governance and finance.

I complained about some of this here and here recently, as well as resteeming a few assessments of this ridiculous bill in the US Senate currently. The anti-money laundering angle in relation to cryptos will probably render holding them anywhere other than on a regulated exchange like Coinbase illegal in the near future if our wise overlords manage to get their way--I believe that bill also has some implications for holding large amounts of cash, as well.

Either way, I don't think the technology will be taken over by the beast unless the majority of the users relegate cryptos to an electronic version of fiat currencies. There's way too much one-dimensional thinking going on within this space right now and it's dangerous for long-term viability of the tech's objectives toward freedom and anonymity: central bankers and legislators are well aware of these vulnerabilities at this stage in the game.

Thanks for sharing.