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‘Everyone Is Lying to You for Money’ — Ben McKenzie on Crypto
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911 vues168J'aime57:11zeteoVersion originale : 2026-05-07

Cryptocurrency fails to fulfill any of the three essential functions of money: it cannot be used as a medium of exchange (you cannot buy everyday items like a bagel with Bitcoin), it cannot serve as a unit of account (its extreme price volatility makes it unsuitable for measuring value), and it cannot function as a store of value (its value fluctuates wildly like a rabbit on amphetamines). The industry exploits regulatory gaps by classifying crypto as a commodity rather than a security, avoiding investor protections and disclosure requirements. This creates an environment where fraud thrives, as evidenced by the FTX collapse and Sam Bankman-Fried's imprisonment, with real human costs including people losing their life savings.

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