That's the point of cryptocurrency though: a financial world unencumbered by those annoying regulations that protect the buyer. No takebacks.
Reality is the regulations on the financial system are a feature. Being able to have charges reversed if I get my card skimmed and someone makes a bunch of charges is a feature. Being able to get my money back if the seller ships me broken goods (or nothing at all) is a feature.
Having regulations on banks front-running their customer's transactions is a feature (one that Robinhood unfortunately gets around somehow). Having regulation on securities not being scams is a feature.
> Reality is the regulations on the financial system are a feature.
As with anything, the answer is sometimes.
You want those rules for your retirement account, because if someone can steal a six figure sum from you instantly with no takebacks, that is bad.
But the overhead of that system is not always required, and it's the major reason that we don't have e.g. micropayments. The overhead of allowing transactions to be reversed eats the entire transaction amount for very small transactions.
So it would be good to have a system where you could, for example, transfer $50 into it from your bank account, wait the month or so until the transaction can no longer be reversed, and then transfer it from there a few pennies at a time with insignificant transaction costs because the small transactions are instantaneous, anonymous and can't be reversed. Which isn't nearly as problematic because even if you get scammed, your loss is limited to the $50 you put in. Instead of getting wiped out, you pay a reasonable cost for a personal lesson on security and trust.
And there is no reason we couldn't have both. Then you keep the bulk of your wealth in the inefficient safe system and some petty cash in the one with lower transaction costs and get the best of both worlds. But the existing rules don't allow that, which is bad.
Reality is the regulations on the financial system are a feature. Being able to have charges reversed if I get my card skimmed and someone makes a bunch of charges is a feature. Being able to get my money back if the seller ships me broken goods (or nothing at all) is a feature. Having regulations on banks front-running their customer's transactions is a feature (one that Robinhood unfortunately gets around somehow). Having regulation on securities not being scams is a feature.