[pearjuice]

>the lack of regulation in crypto has led to any tangible, groundbreaking innovation?

Is creating a ~$1T (and that's just BTC) asset class which went from obscure mailing lists to ETFs not innovation? Of this asset class, only 21M (divisible) units will ever exist[0] and to this date the original asset (again, BTC) has had no compromising (security) incidents deviating from its original mission (P2P ledger).

This doomsaying "doesn't deserve to survive" just seems mean-spirited without any actual arguments as to why it's not deserved for an asset class to exist which is truly deflationary (as in money supply) and shoving everything under "crypto" hoping for some outright ban because it's not regulated. It being unregulatable is a feature, not a bug.

[0] even with forks, the original whitepaper-protocol as we know it today will probably always be "BTC"