Is Cryptocurrency a Scam? Is the Financial System a Scam?
There are many accusations that Cryptocurrency is a complete scam and blockchain-backed technologies are mostly scams. There have clearly been large scams in the area of cryptocurrency. Crypto companies and exchanges have failed, There has been hacking, theft, and fraud. The algorithmic stablecoin Terra failed last year. In December 2022, JPMorgan Chase Institute reported that …