RE: Is Crypto The Issue? Or is it This?

Although there are scams and Ponzi schemes (per definition) in the crypto space, I believe most of these black swam events serve to teach everyone how to be responsible withe their damn money. As you said, there's less and less responsibility because people -- read mega-investors, banks, etc -- know the central bank will somehow back them off. The cryptospace is close to a real free-market capitalism: it punishes greedy people/businesses. It would be awesome to study how people/businesses handled their finances during the free banking era.

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