I totally agree with you, but your last sentence says it all really

considering what this tech enables if done right and most importantly done with the right intentions.

How many people are truly going to have the right intentions to begin with. Look at FTX or whatever that bullshit was. Everyone thought the guy was a genius because he was giving away millions of $ to other people. They didn't even stop to ask how the money was actually acquired but assumed he was doing it with the right intentions. This is why due diligence is so fucking important these days. I never buy into hype because there's a good chance it's just smoke and BS.