I've yet to have success explaining that very ex nihilo problem to crypto people* - even if you build out all of the last 100 years worth of financial system innovation, at the very bottom all it's doing is very efficient price discovery of people's Pogs collection. It will all fold as such.

* anecdotal, but there seems to a strong inverse correlation between crypto enthusiasm and education in economics or finance. Mostly libertarian leaning tech bros in my sample set.