Maybe I'm naive and brainwashed and so on. But one of the big selling point of crypto was that you don't get "under the opressive control of banks and the state" and such. And, I can get the merit of that idea. Banks can have a massive amount of control over some peoples life.

But at some point, a bunch of financial sharks got involved into the crypto pond. These guys have decades of experience at exploiting financial markets, and a bunch of the regulations and rules we have through banks and the state is to protect naive people like me from sharks like those. And it doesn't work beyond a certain state, sure. If you can pay millions to dudes finding loopholes to make billions, alright. But at my level of money I can trust the system to some degree. At least more than an unregulated market full of people with decades of experience at exploiting companies and people financially.

And while I like the idea behind crypto, that thought has shaken my confidence into the idea beyond repair, to be honest.