Crypto was originally born during the Great Financial Crisis. It's not surprising that the idea of: "Hey, wouldn't it be neat if we didn't need any of that," seemed attractive back then, even though that is obviously far too simplistic a view of what the financial system actually does.

But the end result is that crypto currencies never really delivered on their promise, because they barely work in practice, and the only reason to engage with them is for gambling or crime. Anything else is just too slow, too expensive, too cumbersome, too error-prone, and just generally far too inconvenient. What's the point of a digital currency that is best stored on an air-gapped device that must never connect to any network?

Bitcoin was launched in 2008 way before the Dodd Frank act was passed