Allow me to also be real simple: many millions or billions of dollars have been scammed away from regular people who mistakenly trusted cryptocurrency markets.
I am not saying crypto should be illegal. I am saying it's a stupid idea for a currency and it's stupid for people to trust it.
If people want to go gamble tons of money, then that's fine, but it is not an investment. No real value is being produced. It is a zero-sum gambling ring that shifts money from one pocket to anoth er. It is musical chairs with bearer bonds.
It enshrines institutional power via truly braindead deflationary policies.
Unless you're an early mover, or pump a ton of money into it later, you essentially have no capability of engaging in the space as anything more than a victim.
Just because you like something doesn't make it useful.
