In 2013, I warned how Bitcoin would make the world flat again, as indiscriminate trust in a currency is incompatible with discriminate trust needed to assign merit to money. Ignoring that obligation comfortably, the next level of crypto’s cascading trust awaits us. China cleverly banned crypto before it could rear its ugly head.
Moreover, a crypto investment is like investing in postage stamps, with the asset value not representing real value.
Crypto is like a religion, not becoming more true because you can find more believers. A government that attempts to regulate crypto is ignoring regulating vaporware has no upside, only downside.
Crypto damages humanity and must be abolished to protect the trust in financial instruments that accurately represent humanitarian excellence.