That's like saying the only thing that ever happens with AI is people losing their jobs to AI. And unlike Crypto, they didn't opt in and literally buy digital assets and send them voluntarily somewhere. They get negatively affected regardless of any choice they have made. "Get on board, or get rolled." People worldwide would lose a lot more money to AI growing than crypto growing, regardless of never opting in. It will just be a giant wealth transfer to the already-wealthy and corporations. What about that? Oh, crickets. Dismissal from the HN crowd.

If I am going to put my money at risk, I expect it to be at risk. I'm happy to have a regulatory framework around that from the SEC, for instance, and there are. For example, since the JOBS Act, the SEC has greatly expanded the opportunities to raise money in a regulated way. I even interviewed the actual authors of Regulation S at the SEC, where I go into depth for an hour about how to raise money legally:

https://www.youtube.com/watch?v=ocrqgkJn4m0

FINCEN has also been putting out guidances to the crypto industry since 2013:

2013: https://www.fincen.gov/statutes_regs/guidance/pdf/FIN-2013-G...

2019: https://www.fincen.gov/sites/default/files/2019-05/FinCEN%20...

So the regulations are there.

And frankly, most true adherents of crypto have been yelling from the rooftops that Celsius and FTX and Binance are not actual DeFi. They are not decentralized, they simply tell you to do the very thing crypto was designed to avoid -- i.e. send them money and "trust them". This is the very thing Bitcoin and Blockchain were designed to avoid -- the middleman.

FileCoin and UniSwap and Aave Marketplace and so on are real crypto, and they have never had any scandals and billions of dollars, bits, etc. are entrusted to them every day. Ditto for most altcoins and networks, including Hedera Hashgraph, Polygon, COSMOS, Polkadot, etc.

Any shade thrown at, e.g. Telegram's TON or Ripple's XRP, is due to regulators. I can understand why Facebook's Libra was shut down. But it has to do with them becoming "too powerful" and "not subject to national oversight". Kind of like Facebook and Twitter and Google themselves.