I was very disappointed to see the State Journal run the Sept. 27 article “Climate-friendly cryptocurrency.” It makes cryptocurrency sound normal and even virtuous because one of the leading “cryptos” has found a way to save energy.
Cryptocurrency is a scam that will make a few people very rich while many more lose big. The best advice for new investors continues to be: “Never invest in anything you don’t understand.” I have yet to meet a crypto investor who can explain to me how cryptocurrencies can legitimately make money over the long term, or has any idea what “blockchains” and “synchronized ledgers” are.
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