I’d argue that crypto is more efficient than the legacy fiat currency banking systems.

I don’t believe this to be true.

Scammers are attracted to money. There are plenty of fiat scammers too.

Sure, but you don’t see fiat currencies being used to pump and dump.

Crypto doesn’t propose any kind of regulation or deregulation.

It does. A system where you can transfer money without giving the information that would be needed for a government to tax you or regulate transactions is one that encourages people to commit fraud and avoid financial regulations.

The fundamental driving force behind it is very much the same as the fediverse. It’s decentralized money.

No. Distributed systems are fundamentally incompatible with federated systems. They are both decentralized but the way they are decentralized is very different.

They serve the purpose of being able to quickly and easily send money around the globe without middle men that can censor your transactions.

This is true but there are often reasons why transactions might be blocked. Some might be right and some might be wrong. If we’re talking about fraud, blocking transactions is good. If we’re talking about sex work, blocking transactions is bad. There is not an inherently bad value to blocking transactions.

There are many places in the world where it’s difficult to even get a bank account.

I’d love to see information about that.

I don’t understand where you got the ideas that you have about cryptocurrency?

I’ve seen cryptocurrency spaces and have informed myself on the subject. I don’t believe it solves real problems.