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I agree. The problem is that the bad chases away the good.

This is the problem with everything in crypto. There's so much scamming, crime, gambling, and other bullshit that legitimate artists have become wary of the entire ecosystem.

Do you want to live in a bad neighborhood? Same principle works in markets. When a market or market venue gains a reputation for being full of crap, legitimate players don't want to be associated with it. It doesn't matter how brilliant it is.

One of the problems with cryptocurrency is that it's a product of technical people who think everything is a technical problem. A lot of it is technically brilliant, but they overlook the social, political, and economic angle.

I often argue that Bitcoin was actually hacked very quickly. It wasn't hacked by targeting the cryptographic algorithms or the software but via social engineering. It was hacked by targeting people with scams and schemes. As with other security systems the humans are often the least secure part of the system. People are much easier to target than algorithms and code unless the latter has some serious zero-day or is just grossly insecure by design.