> At its root, it's a hatred of the "get rich quick" aspects of crypto. It evokes the same contempt that old-wealth (people with butlers) have for new-wealth (people with Lamborghinis): that they're childish, didn't earn their privileges, and need to be reined in. It's class signalling.

My hatred of get-rich-quick schemes has nothing to do with class signaling. I hate such schemes because they're almost universally scams designed to siphon money from poor people to someone who already has money. I hate them because I see friends and family spending their entire lives throwing away everything chasing get-rich-quick.

So, yes, that crypto has become a focal point for get-rich-quick is a huge red flag to me, but it's unfair of you to summarily dismiss that concern as snobbish.