Daniel Aronoff’s letter “Look beyond the domain of exchanges for crypto’s genuine pledge” (December 20) utilizes the type of language from which warnings must wave strongly. Here is simply one quote: “Algorithmic wise agreements with zero-knowledge evidence on blockchains open possibilities for enhancements in auctions. “and so on
From this type of word usage has actually come the FTX fiasco and will come a lot more dreadful monetary tsunamis.
Cryptocurrency is a sham. Something can not be produced from absolutely nothing. Establishing monstrous computer system systems to “mine” and develop wealth is the best system for just one type of individual.
These individuals are called conmen.
Jon Johannessen
Venice, CA, United States