Let’s go back to tulips IMO. At least they didn’t destroy the environment.<p>Most crypto claims to be deflationary, but as a class of currency the inflation has been massive. Everyone has their own money printer. They’re all printing money and trading amongst themselves for higher and higher values.<p>Then, everyone once in a while someone pays real money for some of the Monopoly money. That person is basically the donkey at the poker table. There’s not enough liquidity for all the donkeys to get their money back let alone for all the “innovators” to cash out.<p>It’s just a variation of a Ponzi scheme.