Remarkably lucid, cogent, and concise commentary on crypto. You are absolutely correct about the evolutionary burst of innovation ongoing presently. There is an inherent weakness to all crypto presently, however, and that is none of it can be permissionless because it can only function on other people's personal assets. Every crypto depends utterly on the internet, which is not some natural resource like the ocean, but infrastructure that is built, financed, wholly owned by private parties and various entities that can impose whatever restrictions they want on it's use.
When crypto breaks free of that dependence, it will truly become permissionless. Until then it's a gift of them that permit it to exist.
Thanks!