It was everything cryptocurrency - flim-flam, inflated values, the whole thing being based on hot air, technological pipe-dreams and unrealistic ideals. Like i

It was everything cryptocurrency - flim-flam, inflated values, the whole thing being based on hot air, technological pipe-dreams and unrealistic ideals. Like it or not, this is the cryptocurrency ecosystem, and it has everything to do with cryptocurrency being an unregulated wild west of dodgy finance, scams and fraud. Cryptocurrency has enabled this stuff. You might not like that this is where it's gone, but it is a direct consequence of the ideals of unregulated 'money'. The scammers and the chancers move in, because why wouldn't they? Create a system that is resistant to regulation and open to so much exploitation and they will exploit. The problem with hoping for stable valuations is that very, very few people are interested in that, because they can't get rich off it. I too hope that all of this crap dies and cryptocurrency goes back to being a handful of cypherpunks swapping tokens around, because at that point the great ripoff and fraud on the general public will have come to an end. Let's regulate all this the fuck out of existence. Sounds like everyone will be happy.