You are right in highlighting the issues with current financial systems. But what is the basis for assuming that a decentralized and unregulated system will be way better in addressing all the issues you have highlighted?
Even if you keep aside the regulation aspects, there is no assurance that money kept in a cryptocurrency account is safe. The fact that bank accounts are insured is a big deal. Nobody apart from the government is gonna sign up for that. And if someone does, they will not do it without tracking the flow of money.
Even if you keep aside the regulation aspects, there is no assurance that money kept in a cryptocurrency account is safe. The fact that bank accounts are insured is a big deal. Nobody apart from the government is gonna sign up for that. And if someone does, they will not do it without tracking the flow of money.