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If you answered “yes,” then sorry, the answer is “no.”
If you answered “no,” or if the answer is “no” regardless of your opinion, advance to question 3.
3) But what’s really not to like?
One complaint is that amassing the currencies could reward early adopters, who may be People You Wouldn’t Like. (As always, you need money to make money, but that’s true of all forms of investment. I know some pretty average folks who dabble in crypto.)
Another gripe is that crypto is a grift. (Not as long as anyone who can afford to buy and sell can readily do so in a structured market. Generally, founders of cryptocurrencies intend them for the long haul, though it’s a Wild West environment and most won’t last. However, there’s one type of crypto, known as memecoins, that is quite like a legal grift, created expressly so early adopters can turn a quick profit off hype. Think Trumpcoin and Melaniacoin. Those might one day be memorabilia at best.)
Less-reflexive concerns are that, unlike gold and its proven staying power, crypto has only a brief history, and that letting the government muck around in it only invites chicanery. (Such an effort does need to be kept small, but heaven help us if we can’t try new things while monitoring for potential abuses.)
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