The colonies had no problem issuing their own FIAT money and then the king said "how dare you prosper" and mandated that they use only gold and silver, which being a commodity could never take the place of money, or an abstract unit of measure, which the colonial script was almost money, except that unit creation was still controlled by the government, and you cannot have a system of measure where units cannot be freely created for the function of representing value, or miles, or anything. Ultimately cryptocurrencies run into exactly the same performative impossibility: unit creation, unit creation which comes standard with any standard of measure, we had a war for independence thus because money supply with gold and silver was not capable to represent the value the people created. Equally intellectual property alone will overtake the supply of whatever precious or other vested value there is behind a currency.

www.bibocurrency.com Money indeed can be a hard thing to explain, especially considering that money for most of it's history wasn't really money but value in it of itself.