Many of the crypto businesses in the ecosystem talk about removing financial friction and control, but it seems they are only interested in introducing their own versions of them, and building their own little Wall Street while they can still get in on the ground floor.

Here's a great example: how are you going to "reach the unbanked" in the third world if you have transaction fees, paid by the user, inherent in your architecture? That's just nonsense. It's a step down from cash in every way. Cryptos which aren't feeless but talk about the "unbanked" are full of hot air. And this pattern of false promises is all over this space.