The only thing that is new about it, is that current US regime got in on the grift and is doing rugpulls left and right. Everything else you’re describing was there already for more than a decade. But now everyone understands that there technology is useless, so there is no pretending that it can be used for anything but crime and gambling. I had crypto ATM outside of my appartment when I lived in a less-then-developed country more than 10 years ago, and back then the idea was that most of those who are using it are scammers or scam victims, but not all, and I’m not even talking about silk road customers. Now this notion is gone.
The only thing that is new about it, is that current US regime got in on the grift and is doing rugpulls left and right. Everything else you’re describing was there already for more than a decade. But now everyone understands that there technology is useless, so there is no pretending that it can be used for anything but crime and gambling. I had crypto ATM outside of my appartment when I lived in a less-then-developed country more than 10 years ago, and back then the idea was that most of those who are using it are scammers or scam victims, but not all, and I’m not even talking about silk road customers. Now this notion is gone.