The Truth About Crypto: It Is Scarily Untrustworthy

According to the mathematical principles of trust, cryptocurrencies don’t have it.

Cryptocurrencies, also known as “crypto,” are the most new and abstract forms of money ever. They are burdened with many question marks, from superficial observations to deep mathematical problems.

First of all, how could anyone trust something named “crypto”? Those syllables connote mysterious, secret, hidden and locked up. The very opposite of trustworthy.

Second, look at the people selling it. Not

To judge crypto you can also look at the other crypto boosters and their agendas. For example, consider the so-called “effective altruist” (EA) movement, a small crowd effective mostly in persuading rich people to take big risks today in hopes of making money tomorrow, which might solve world problems later. Their reasoning is specious, and their track-record smarmy and self-promoting. The EA crowd has been promised billions by various crypto founders, so of course they want crypto to succeed. They’ll have nothing otherwise.