This whole narratives of removing banks and things are just wishful thinking stuff and they played perfectly into the mind of the skeptical and the young minds
when it come to finance you need over sight and regulation to make sure people don't get ripped off and have confident in the system that will protect them from frauds and other criminal activities. if you want this protection you have to deal with middle man and regulations or go the way of the wild west like crypto
I dare say most of people put money in crypto has no fricken ideas, they just want to get rich quick and this is the sort of people the scheme need, they rehash the same narratives these smart scammer come up with, they have no idea their stuff can be stolen, hacked, lost in internet ether, scam on the exchange, go down to zero without any protection whatsoever.
how on earth can someone paying you 10-20% staking without huge amount of risk attached? these scheme doesn't generates any profit, so to keep it going you need new money or prop up existing coins
yes government can comes up with their own crypto currency also but this again will have oversight for most people protection
if you have access to AFR they have coverage of this over the many years and you can picture together it is a sophisticate scam with a good narratives that latch on to people distrust of government and insecurities
