This. Censorship resistance === Cannot undo fraud. A money system that cannot claw back ill-gotten gains is NOT "giving power to the users", but rather giving power to the con-men! Worse, fraud is such a huge return on investment that any system that enables it such as bitcoin does inevitably will have a market driven by fraud, because it easily out-competes the more legitimate business.
Bitcoin isn't full of fraud because "it's hard to track", or "there's nothing better to do" or "because it's new/unregulated"
Bitcoin is full of fraud and only fraud because a system that doesn't allow you to take back transactions unilaterally makes legitimate business HARDER than fraud, and for less return.
The other main "easy fraud" monetary system is gift cards, and they have to expend enormous effort and money on anti-fraud measures and just eating losses so users don't constantly have their money stolen. Crypto doesn't even have that, and in fact, literally cannot have that, because there is no empowered entity to do so.
Bitcoin isn't full of fraud because "it's hard to track", or "there's nothing better to do" or "because it's new/unregulated"
Bitcoin is full of fraud and only fraud because a system that doesn't allow you to take back transactions unilaterally makes legitimate business HARDER than fraud, and for less return.
The other main "easy fraud" monetary system is gift cards, and they have to expend enormous effort and money on anti-fraud measures and just eating losses so users don't constantly have their money stolen. Crypto doesn't even have that, and in fact, literally cannot have that, because there is no empowered entity to do so.