Rather than pyramid scheme, maybe history's biggest pump-and-dump scheme: an asset with dubious value (some bytes in a decentralized database) that's so stagger

Rather than pyramid scheme, maybe history's biggest pump-and-dump scheme: an asset with dubious value (some bytes in a decentralized database) that's so staggeringly inefficient to run that the transaction fees are astronomical and speeds are glacial, and that nobody uses for any real purpose besides speculation - pumped by a million and one influencers and "coin news" sites parroting empty bullish propaganda in hopes the price of their portfolio keeps going up. I was originally fascinated by crypto, but the more I've come to understand it the more I suspect the world has lost its mind.