Well true. But I mean, coin had its basis in all that stuff.
And when it is transacted legitimately it's no different than a currency. Might as well put your money in dollars or yen. A lot safer. Let me give you an example. Nigeria launched a crypto currency two years ago. There have been
30 major heists of ledgered coin (sorry fraudulent investment schemes) focused on that virtual currency. As long as enough new people sign up the party can go on as long as it lasts. But a lot of value has been taken out and, again, not backed by the FDIC. And that is the face of legitimate crypto in Nigeria, unlike the
outright Ponzi schemes.