"Governed by code alone, making the contract digital sancrosanct."
That is a decent way of putting it.
Context is where economics discussions become complicated. Many have a tendency to define terms like centralization, regulation, capitalism/socialism and crypto in absolute context. To say that capitalism is always better than socialism is an oversimplification. There are strengths and weaknesses, advantages and disadvantages in everything.
In every things in this world has its own strength and weaknesses or advantages and disadvantages. If this would be officially worldwide accepted I mean fully accepted, this has to be the most successful one. The nature of cryptocurrencies will be the one of the sign through modern era of the world market. It has to be better than money itself.