It would be easy to feel discouraged about crypto today.
It's been a rotten year, featuring a whole cast of rotten people doing a bunch of truly rotten things.
And truth is… actually, whoa… re-read that sentence.
Rotten people.
Crypto isn't inherently nefarious. The exchange of value cannot by definition be good or evil. The reasons why people exchange value? Those can be bad.
Extorting money via ransomware is bad. Sending bitcoins to help Ukrainians displaced by an unprovoked war is good.
But the money doesn't care how it's being used. People are the wild card here, and people can be good or bad. It just so happens that when there's a whole lot of money sloshing around the sharks can smell it, like blood in the water.
So let's look at 2022 as a bad year for crypto… because some of the bad people in crypto were exposed.
There are probably more. Apocryphal as Sutton's Law may be, there's a reason people rob banks: Because that's where the money is.
Willie Sutton may have robbed a few… but banks still exist. In fact, they've done quite well over the last hundred years. All that's left of him? A memorable quote and a Wikipedia page.
One day, that's all that will be left of Sam Bankman-whatsisname, too.
But crypto will still exist. Bigger and better without him.
Wishing you all a happier, scoundrel-free 2023.
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