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Wasn't crypto a scam?
It isn't, it's a technology. People use that technology to scam.
Same as phone calls aren't scans and email aren't scans but people can use them to scam.
Crypto has a purpose, just one that doesn't apply to many people.
We'll find that use case any day now. The one that isn't enabling crime, that is.
Crypto enables freedom, and yes, criminals are kinda into freedom. Imagine cash has never existed and try to pitch that. It would never make it past the board. You are correct that crypto may not help your average American. But its use as a safer haven are important in places like El Salvador, Nigeria, and Curacao.