All research shows that harsher punishments just lead to more crime. You need to make people feel like they can actually get out of the evil spiral they've fallen down.

No it isn't, slavery is still legal as punishment in the USA.

Well the issue is that all the worth in crypto comes from the traditional exploitative systems. It's also way easier to mine crypto the more money you have.

So while in theory it is better than traditional currency, it has just been overrun by the system to try to turn a profit.

Yes, the state and owner class manufactures value to divide the working class. All currency contributes to the class divides.

Congrats!