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I'm old enough to have been watching financial markets for about twenty years now, and in my opinion a great percentage of the "cryptocurrency entrepreneurs" running cryptocurrency scams aren't really doing anything novel.

They just have new shiny tech bullshit to baffle people with. Twenty years ago they would be running pump-and-dump penny stock scams with Canadian small-cap mining stocks.

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Perhaps, but then the real innovation isn’t in the bits, but rather in marketing to the “The apocalypse is nigh!” crowd, and other right wing conspiracy theory aficionados, that were previously dominated by the gold coin and dehydrated food grifters.

Yeah, it is probably a lot easier to get right-wing conspiracy theory enthusiasts to "invest" in something if you can convince them it's an ideological soulmate to their libertarian utopia, than it is to get them to open brokerage accounts and start buying stocks.

And subsequently loosing everyone's investment when the mine's head engineer gets thrown out of an helicopter

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