Also - if you're tempted to point to stocks, etc. and say investing generates a return. That's correct. Because ultimately that capital is being deployed in a r

Also - if you're tempted to point to stocks, etc. and say investing generates a return. That's correct. Because ultimately that capital is being deployed in a resource-generating activity. E.g. you're financing a factory, that takes a thing and turns it into a more valuable thing. Or a software company which ultimately saves people time. Dig deeply enough into it and you see an actual rersource-generating activity at some level of abstraction. The net resource-consumption of crypto AND the cash outflows (rugpulls, exchanges, VCs, phishing) is truly staggering. It doesn't matter if you convert that real-world loss into casino chips, then 17 credit cards, then chocolate-coated Monopoly money. Those abstractions aren't serving a purpose. They're there purely to obscure that clear underlying resource-loss as long as possible.