Did I miss the part where the author lays out their argument within the article (rather than some podcast that’s referred to)? The closest I can find is the di

Did I miss the part where the author lays out their argument within the article (rather than some podcast that’s referred to)? The closest I can find is the diagram with two nodes and an arrow connecting them. The first node represents users involved in transactions, the other is miners. The arrow presumably represents fees. That looks like any other payment processor. Just like another label commonly used in similar discussions, cult, Ponzi scheme has a very specific meaning. There are other more reasonable ways to criticize cryptocurrency, but I guess these two sound scarier and more definitive, even if they’re inaccurate.