Bruce Fenton, one of crypto’s most outspoken voices, isn’t holding back his frustration with what he sees as a growing problem in the industry — a lot of hype, but not enough substance. In a recent critique, Fenton called out figures in the space who act like “grifters,” making grand promises of game-changing developments that never materialize. He warns that this cycle of hype without delivery not only misleads newcomers but also erodes trust among investors and developers who are looking for real innovation rather than empty headlines.

This latest rebuke fits squarely into Fenton’s long-standing concerns about the direction of the crypto movement. Once rooted in cypherpunk ideals and a mission to challenge traditional finance, he argues the space is drifting toward mainstream financial interests and gimmicky tokens. He’s been particularly vocal about projects he considers hollow, even blasting the TRUMP coin as an example of a flashy, value-less distraction. Fenton’s message is clear: crypto needs fewer empty promises and more projects that deliver on the revolution it once set out to achieve.

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