Is cryptocurrency inherently fraudulent, or is that simply the way it has turned out? It is useless for any everyday task and indeed hostile to normal users. You got an elderly relative who struggles with online banking? Not only will they not understand how to set up and use a wallet, they also won’t understand how they suddenly lost all their coin. Or how somebody managed to steal it all.
It’s no accident that the convicted fraudster should cash in on this scam himself. After all, it’s not so long ago that he was bilking the gullible with a set of NFTs (remember them?). Apparently, 40% of his wealth comes from the two coins he launched earlier this year. The value of both has collapsed, that’s no problem. The point of them was to transfer money from fools to the fraudster, and that has happened. The biggest “investors” in this scam have earned direct access to the president.
The aim is now to tie various coins – including those from the president – to the US dollar. This is driven by the greed and corruption of the government, as well as the subservient Republican party. It will happen because some Democrats are fascinated by this shiny thing and think it is the future somehow.
It’s as if the whole establishment of the USA is determined to destroy the country by every means possible. I don’t understand why so many are so enthusiastic about this project.