Scamming the regulators is where I give the concept at least some credit, but Federations do so at the cost of corrupt big-custodian incentives buying up resources, and slowing the pursuit of better solutions.

Nostr as a social graph and communication layer gives us an opportunity to bootstrap new users from their pre-existing social network. I'm personally working on that with Lightning.Pub, but the concept has gained traction on other projects as well, like LNBits.