The biggest crypto lending company is a ponzi scheme
For those who believe "crypto is too big to fail", or the genie is out of the bottle, or that crypto concepts have become so engrained and popular that it's not possible to stop, I'd like to point out that Bernie Madoff's Ponzi scam lasted for 30+ years. People built entire lives on his very professional-seeming "business". Scams can go on for a very long time, and very large numbers of people can build their whole lives on a lie (even successfully).<p>Crypto is probably the most brilliant scam in the history of mankind, because it combines plausible deniability with techno-obfuscation and meme-driven popularity to a degree that makes it nearly impossible for democratic governments to regulate (good on China for banning it!), and this state of affairs may continue for quite a while. But even if it doesn't all come crashing down in my lifetime, I still won't touch it with a ten-foot pole as a matter of principle, no matter the potential gains. There are some things I won't get involved with as a matter of principle, such as certain illegal drugs, even if they were legal.