That’s probably a fair assessment, but still a rather damning indictment of the industry writ large.

There are definitely better versions of cryptocurrency that I think could be more useful, but the industry is definitely not headed in that direction. Instead, it’s all pump-and-dumps, rug-pulls, and other schemes that render them nothing more than highly speculative asset classes in which the underlying asset has no intrinsic value.

It’s just grift all the way down with crypto, isn’t it? Scams layered on scams layered on scams.