Call me a skeptic.
Neither of those statements has ever been true and in recent years they've been ludicrously untrue — affluent people in developed countries were complaining about the transaction costs and they're supposed to be transformative for people in a developing country?
There will likely be a trade-off or balance of trust against transaction speed and cost. We're still working out how to build it and so we're not there yet, but my belief holds; the banana governments are not going to disappear anytime soon.
Those existing systems are also useful for evaluating the claims that this avoids bad governments, which is to say that it’s limited to bypassing antiquated banks. A networked system can’t avoid a sovereign state unless that state is completely inept, at which point everyone will be using a neighboring currency or USD anyway.
You can buy a cheap refurbished Android phone for $5.
And you have SMS cointext.io to transact for instance.
You do not need a hardware wallet, only to memorize the 12 word seed phrase.
Just look at the set of users who have phones without adequate banking. You will see this is measured in the billions of people.
The best hope to lift people out of poverty is for us to transact and deal with these people.
Maybe that's great for your pocketbook. To me it seems pointless and worthy of scorn.