Crypto is a Scam

The absolute truth behind the statement "crypto is a scam" is very far-fetched. But accepting this claim blindly without researching our need-market fit can cost us the largest generational wealth shift in history. The transition from tactical to industrial Web 2.0 to Web 3.0.

As everybody looks away and focuses on the FTX collapse, Terra crash, Binance events, study reports, and other crypto scams all over the news, this could all turn out to be a facade to convince us that crypto as a whole is a scam and investment in it can be a loss.

This coin-side of the argument begins with the significant distinction between crypto and blockchain. Cryptocurrency is a type of digital money. Examples include Bitcoin, Ether, Litecoin, Tether, and more. A blockchain is a distributed peer-to-peer database that has strict rules and regulations for adding data. What confuses these two as one is cryptocurrency's association with a blockchain that serves as its open ledger. Blockchain is a distributed ledger technology that allows for on-demand liquidity.

Gas and oil are the old paradigms, but the new 1% will be data, software, information, and attention. ChatGPT AI, gas, solar, and wind are literally the future of all economies.

Let's take a look at Project mBridge. A platform based on a new blockchain– The mBridge Ledger– has been worked on by central banks since 2017 to support real-time, peer-to-peer, cross-border payments and foreign exchange transactions using CBDCs, which are Central Bank Digital Currencies. 

They're planning to switch the current monetary system over to blockchain technology—facts hidden under the distracted surface of crypto scams.

The banking system doesn't want us to change from our consumer mentality to an investor mentality, so we always loan cash in the now and loan crypto in the future.

It is highly improbable that such claims of fraud and market manipulation are true in their entirety. So let's wake up, research, and make decisions.