Crypto Fooled Us Once. It Will Fool Us Again
Crypto and NFTs are the ultimate scam.<p>It&#x27;s wooden nickels, the Brooklyn Bridge and Bernie Madoff all taken to their ultimate logical conclusion --- something with no intrinsic value whatsoever (electrons) is being exchanged for real functioning currency.<p>But what really sets the crypto scam apart is the fact that no is really lying about the fundamental nature of the transaction.<p>No one is hiding the fact that by buying crypto, you are exchanging your legal working currency for nothing more than an entry in a database with no real guarantees of any kind --- legal or otherwise. No one is hiding the fact that with only moderate technical skill, anyone can create a similar database and mint their own version of Bitcoin.<p>All crypto really does is provide a quasi-viable excuse to entice people to lie to themselves about economic reality and what we call &quot;money&quot;.