It tends to be old people that cause problems because they have more time to gain influence and cause real long lasting problems. Also with age comes the problem of taking in new information and breaking from previous thought patterns. They also tend to not be around to experience the downside of their actions.
Innovation on the internet is often free of third party harm. Bitcoin looks to be internet only but it also presents itself as a money transfer service and an investment service. Which as seen in 2008 can be used for fraud with big consequences that the average person can't always understand.