I worked in crypto for a long time. I can tell you, you're only half correct. While crypto in its current form is a scam for sure; mostly due to the heavy manipulation of most of them. It has some great long term properties and ideas that can really propel the finance world to new heights. We just need for the less greedy and more focused developers to get involved than the current group of people who are too profit focused. Bitcoin will eventually be a tool that helps to end slavery and censorship worldwide. The modern banking and finance system is a tool that propagates socialism far more than capitalism.
The only ones that can really use or benefit from it are the wealthy. It's always going to be corrupt because it isn't regulated and made available to the public. And why should it be? We already have currency. Maybe we should be focusing on fixing public currency instead of trying to convince people to use the elite club's laundering service.
I agree with you, under the assumption that better privacy is added to the blockchains. As it is, BTC is easily traceable with forensic software and even open source stuff. This means the gov is just mildly inconvenienced when following the money. True privacy coins will restore crypto to what it used to be. Assuming they aren't banned at some point.
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