Well I see what you mean but you're maybe a bit oversimplifying the subject ^^

Intelligence of masses is indeed a proven factor that shows that people can manage better a problem/situation than a few intellectual. BUT ONLY IF IT NEEDS NO SPECIFIC SKILL OR KNOWLEDGE.

Moreover I think you're showing the qualities of a free market without thinking at all about the downfalls, which are still important in my humble opinion.

Though everything you say about the cryptos is true :)