> People who think that all crypto is worthless may be confused by this. The actual reason was far more silly. It's precisely because crypto is worthless that

> People who think that all crypto is worthless may be confused by this. The actual reason was far more silly. It's precisely because crypto is worthless that where ever crypto is, there is only scams. People point to FTX and say "see it's not crypto that's the cause, it's classic corruption!" but that misses the point critics of crypto are making. Because crypto has no real practical value, its only function is as a tool for traditional scams and corruption. Critics of crypto generally don't believe that crypto itself is a tool that creates fraud, but because it is a useless tool, when you see it being "used" what you must be seeing is fraud. We've seen this borne out over and over again.