I'm quite amused to see all that veiled scaremongering when it comes to crypto, even if it has a grain of truth. Yeah, truly the ones who get involved in it can be thought of as either coyotes or raccoons, but I think prohibition and "the war on drugs" only shows how much can something be made desirable by making it unfit for public consumption, and at that point the animal simile breaks down.
Not to mention that, as other commenters have mentioned, coyotes have been rather successful in spite of human encroachment, just like cryptocurrencies grow stronger in the face of looming regulation and sanction. Sure, it might scare off some raccoons and kill some coyotes in the short term, but it's going to be still there. And for all the "coyote institutions" that perished, there are still many more.
I don't know if it's scaremongering because I'm not entirely sure what point the writer is getting at. The angle I chose to read is that, cryptos acting all "You can regulate us, because distributed blockchain! Muahaha!" is the 1st order game, akin to the coyote calling bluff on the noisy can.
Government types developing an ill will towards the defiant cryptos is the neighborhood moms getting pissed at the bold coyote.
The animal control is the 2nd order game. Regulators come in and crack down on cryptos. Put the squeeze on exchanges, make it hard to cash out to legal tender.
Not to mention that, as other commenters have mentioned, coyotes have been rather successful in spite of human encroachment, just like cryptocurrencies grow stronger in the face of looming regulation and sanction. Sure, it might scare off some raccoons and kill some coyotes in the short term, but it's going to be still there. And for all the "coyote institutions" that perished, there are still many more.