You understand that the figure you quote, "$34 billion dollars" might seem like it carries a lot of weight, but it's also about $2B short of the amount invested

You understand that the figure you quote, "$34 billion dollars" might seem like it carries a lot of weight, but it's also about $2B short of the amount invested in the largest Ponzi scheme uncovered in US history[0]. A lot of people seemed to think that investors in this scheme were too savvy to be duped, as well. This doesn't mean that crypto currencies are inherently scams, but it is a terrible way of defending them. [0] https://en.wikipedia.org/wiki/Bernard_Madoff#Size_of_loss_to_investors https://en.wikipedia.org/wiki/Bernard_Madoff#Size_of_loss_to...