But because it's crypto, it's become a high point for people who are trying to demarket it.
Exactly. Anyone who has a problem with crypto and has done some small reading deep enough to uncover the fall of Luna uses Luna as their go to example of why crypto is a ponzi scheme.
For Africa, aside the reasons you’ve stated, I think a lot of people have closed their minds to the possibility of understanding crypto. They’re unwilling to learn. Some are ignorant and don’t want to learn, others have been misinformed and won’t allow people that know to reinform and correct their mindsets. One thing is for sure though. 50 years from now, early adopters including all of us from today are going to be glad we climbed on the train.
I think we'd still adopt crypto in Africa, but the adoption might be slower than we know. I think this is why some African countries are still slow in the adoption of technology that could change things. However a time will come when it'll be different.
Just like real life situation, crypto can never be perfect and the reason for this is that there will always be scammy projects trying to take advantage of people. Crypto allows for billions of projects, which means every day, there will be newer projects which means more opportunities to scam people will present itself and people would have to do their research as well as learn. Without learning, it's difficult to understand crypto and this is probably why people can do better.