When did cryptocurrency stop being a currency and became a virtual stock?

I find it very funny that crypto has become the very thing it swore to destroy. A monetary ecosystem controlled by the governments and banks.

Nobody pretends they will use crypto as a currency anymore. Nobody cares about the ideology of being your own bank. Every single discussion revolves around acquiring FIAT currencies and gossiping about the next government regulation that will pull in some more insitutional investors.

The few still true to Satoshis ideology of liberty, Roman Storm being a good example, are being imprisoned for ”money laundering” or ”running an unlicensed monetary service” while the so-called cryptobros couldn’t care less, so long as the value of their coins keep increasing on centralized KYC exchanges.

Lastly, it’s a kind of poetic tragedy that the only cryptocurrency truly used as money is the one being blacklisted or banned in most countries.