I've been a software engineer for over 15 years. I also got a doctorate and contributed to papers and books about Internet security back in the late '90s. I al

I've been a software engineer for over 15 years. I also got a doctorate and contributed to papers and books about Internet security back in the late '90s. I also manage quite a bit of money. I don't develop financial algorithms, though. I guess I could have at one point had I wanted to. Things like high-frequency trading make me ill, quite frankly. Such trading schemes shouldn't even be legal as there is zero value in sub-microsecond price discovery. It was purely designed to front run legitimate orders and shave pennies off of legitimate transactions. Ghoulish. I have been watching this crypto currency situation unfold since it began. One of my early observations was that a lot of unsavory Wall Street types flocked into it for one very good reason--they understand that it was not well regulated and there was zero oversight. That allows those Wall Street types to pull off their favorite scam--the pump and dump. It is exceedingly easy to do with cryptos. What I have also noticed about cryptos is that if you were going to scam Millenials, there is probably no better vehicle to do it with than this pseudo-technical, phony currency that perfectly plays to all their weaknesses, especially their yen to "get out of debt quick" or "get rich quick." For months the headlines were all "Blockchain! Blockchain! Blockchain!" Another sign of a scam is using technical jargon to program people--blockchain==I get rich. Just repeat it over and over and nobody even questions where that idea came from. Something from nothing--the age old scam! Just buy at "the right time" and watch the money flow in. But can millions of people really all become rich simply by buying unproven currency type vehicles? Based on my experience, no! But this is 2019 and you're welcome to believe whatever you want. As for me, I'm avoiding this crap like the plague and I am pretty disappointed that legitimate firms like Fidelity are getting involved with something so unproven and so subject to manipulation. It's like they just can't help themselves. This all reminds me of the dotcom era when all you had to do was buy stock in pets.com or anything.com and watch it go through the roof...for a time. The essence of a great scam--at first, you have the dream and they have the money and in the end, it is you with the money and their dream is dead on the floor with seemingly no one to blame but their own greed. It will be same with crypto, it might just take a little longer due to the sheer magnitude of the scam.