If people invest time/money mining coins, they're going to promote those coins in order to justify their mining operation. From this initial organic buzz, spec

If people invest time/money mining coins, they're going to promote those coins in order to justify their mining operation. From this initial organic buzz, speculative markets take over and the whole thing becomes a positive feedback loop. Crypto is fundamentally a huge waste of advanced manufactured goods, electricity, and time, and enables tax avoidance and money laundering. The correct response from Governments is to simply ban the formal exchange of all of them in the same way that the USA bans online gambling and pyramid schemes.