Betteridge's Law of Headlines remains steady. Crypto goes through boom/bust cycles, and in every bust, people predict that crypto is over, yet mysteriously it k

Betteridge's Law of Headlines remains steady. Crypto goes through boom/bust cycles, and in every bust, people predict that crypto is over, yet mysteriously it keeps coming back. Why? Crypto has value. Not "value" in the sense of it's actually good for anything--I'd argue it has some of that, but not nearly enough to justify the hype and price. But I'd also argue that the destructive potential of it more than outweighs that value. No, what I'm talking about here is the term "value" in the capitalist sense, i.e. if someone is willing to pay for something, it has value, even if it's snake oil. The number of people involved in crypto clearly hasn't maxed out yet. Talk to 10 random friends outside a silicon valley bubble, and most of them won't have ever had any involvement in crypto. But, a lot of those people will say they've been meaning to get involved, or are interested. People cite fear as a reason they haven't gotten involved, but as crypto gets easier to use and more accessible, those fears will go away, and those people are going to get involved. That's probably a bad thing for those people. Ease of getting into crypto isn't equivalent to financial literacy, and there's a culture around crypto that's openly hostile to applying financial principles to cryptocurrency, which opens those users up to scams and losing money on things that aren't intended to be scams. I spent a bunch of time trying to educate people about OHM/TIME back when those were on the upswing--a rudimentary understanding of economics should have made their inevitable crash obvious. But for every person like me, there were 100 true believers who wouldn't be swayed, spouting nonsense. I'm not sure I actually helped anyone. I don't have a systemic solution. Regulation can limit the scope of some of the biggest issues (i.e. prevent pension funds and mutual funds from investing in the most obvious crypto scams) but ultimately I don't think it will be possible to protect individuals who want to invest in crypto even though they don't know how to do it safely. You can provide education but a lot of people simply won't accept it.