I think he never really understood Bitcoin, which led him to create Dogecoin and now this. He is right about the whole "crypto industry", but that has nothing t

I think he never really understood Bitcoin, which led him to create Dogecoin and now this. He is right about the whole "crypto industry", but that has nothing to do with Bitcoin. There's an ideology called Bitcoin maximalism or toxic Bitcoin maximalism, which defends the truth and the ideals of cryptocurrency against this greedy and manipulative "crypto industry" he is talking about. Bitcoin maximalism is basically the free market / "hyper-capitalist" answer to all the scamming that's going on in the industry. It's like the early Internet. There were a lot of scams on the Internet, and also early Internet companies which were pump&dump-scams. It gets better when people get more educated and learn not to trust anyone. I'm not sure what are his suggestions, but authoritarianism certainly doesn't solve this issue.