> the system organizes itself (...) because it offers some efficiencies and safeguards that are not worth completely discarding.
NO SANE PERSON WANTS TO COMPLETELY DISCARD THE EXISTING SYSTEM!
When the existing system works, it is great. They offer the best balance of cost/efficiency we have. They are not perfect but they are still around for a reason. The fact that established, tried-and-true institutions exist is not the problem. The problem is when the existing systems don't work. When we are dealing with corrupt institutions, or when the system was designed to serve the 95% of the cases and leave the remaining 5% out of it.
Crypto/Web3 is about optionality. It's about creating an alternative that can work without the institutions (even if not as efficiently) because at one point or another the institutions will fail, and we will wish to have something else, even if not as efficient.
You can stay all day talking about all the alternatives that have failed already, and I'd very likely agree with you. This does not mean that the pursuit is futile. Sometimes I think it's akin to the history of flight. 150 years ago, most people would say that flying was impossible. It took decades of varied attempts and approaches until we got to something that resembled the airplane. Today flying is a mundane experience, yet, no one (reasonably) expects to substitute flying for all the other existing methods of transportation.