Another way of saying that is:

Works better in theory than in practice.

The words "communism" and "socialism" have been propaganda trigger words since before we were born.
At least that is true culturally in America.

So when crypto does it better and everyone calls it socialism because that's what it is, good luck hashing that out.
Eh I you'll figure something out. I have faith.

Regardless, it is pretty obvious that you lean toward the idea that no matter how it is implemented, socialism is The Devil no matter what. The word has been weaponized, likely beyond repair. I would argue that it's not ideal to give trigger words so much control, to the point of complete and utter demonization.