I hold no Chia or crypto at all, however, from what I am seeing around me, Chia is going to be really, really big.
Governments so-far failing to regulate existential threats to themselves is honestly odd.
Is it the job of the government to hang onto power at all costs?
For instance, a government cannot maintain law and order without power, and a society without law and order is the definition of a failed state ([edit] well, more specifically one in which the government has lost its monopoly on violence). It's not an unreasonable interpretation to therefore say any non-failed state must retain power.
Factions within governments all around the world are using it to their own ends.