It's good to see more people coming out against crypto currencies. While it's clear to competent people the tech is just bad and the crypto space is worse we ar

It's good to see more people coming out against crypto currencies. While it's clear to competent people the tech is just bad and the crypto space is worse we are far beyond "the fad will go away by itself without incurring much damage" stage. We are in serious danger of the cancer growing and affecting other industries and at this point millions of people the same way some Ponzis and pyramids grew in the past. It's becoming a moral issue and I feel it's time to make a serious stand against it. As to the article: I feel the most important point is missing. Yes, crypto is a bad, inefficient, wasteful, slow, insecure technology which only got traction because it allowed skipping over financial regulation. Still, even if it wasn't all that it would still be a terrible idea as a currency with inflexible money supply scheme can't work. We went through it many times in human history. It's easy to see from simple thought experiments and simulations as well. It's elementary economics. How can we ever hope to make an economic argument when we can't use it against the simplest thing out there? The whole crypto currency thing removes whatever was left from my faith in humanity. It getting traction in the tech space is just a final slap in the face as there was some hope people in our space care just a bit more beyond "number goes up if we throw enough coal on it" distributed Ponzi. We are ready to pick up our pitchfork when it comes to privacy violations even though there is at least a lot of value provided by the main offenders or against dark patterns in website design or even when it comes to a bit old fashioned politically incorrect language. Here we have one big dark cloud of a ticking bomb and I see my colleagues accepting job offers from the grifters, buying the scam tokens and trying to sell them to others before they collapse, CEOs of supposedly serious companies advocating for it (Twitter anyone? No matter it's down since IPO with that kind of person at the helm), youtubers producing Ponzi propaganda en masse, sponsorship being accepted at major events. If it continues for a few years at this pace it will result in a dotcom bubble on steroids with a lot of desperate people and a lot of crime barons ending up with millions to use in the real world. It will not be as nice out there when it's all done.