How is this different from wild growth in derivatives that ended with the 2008 crash? Trillions were at stake then. It seems CBs were powerless to stop that progression and even were the root cause. And not quite sure how legislatures (and there would have to be coordinated implementation and enforcement) have the means or ability to control crypto/ICO.
Another aspect of the crypto and ICO phenomenon is about burning Internet 1.0 down and replacing it with something better. Problem is few even appreciate just how Internet 1.0 came about AND they understand very little about inter-networks and sustainable digital ecosystems.
Lastly, and somewhat related back to point 1, for hyperinflation to occur wouldn’t the fiat standards have to be devalued significantly?