> The general lack of awareness of how traditional currencies are established and maintained is just shocking.
It isn't shocking. The point of 99.9999% of all cryptocurrencies aren't to make anything useful. They exist to get the creators rich. All of the rubes that buy into these scams will simply be sending their former wealth through a massively inefficient rube goldberg contraption that lines the pockets of those at the top of the pyramid.
The creators don't need to understand monetary policy, economics or scalability. The creators just need to understand enough deceptive marketing to get some suckers lining up to buy. The smart ones also know just enough ways to pocket their newly acquired fiat wealth and escape without getting caught by jonny law.
It isn't shocking. The point of 99.9999% of all cryptocurrencies aren't to make anything useful. They exist to get the creators rich. All of the rubes that buy into these scams will simply be sending their former wealth through a massively inefficient rube goldberg contraption that lines the pockets of those at the top of the pyramid.
The creators don't need to understand monetary policy, economics or scalability. The creators just need to understand enough deceptive marketing to get some suckers lining up to buy. The smart ones also know just enough ways to pocket their newly acquired fiat wealth and escape without getting caught by jonny law.