Many otherwise sophisticated and intelligent people find the entire biz of cryptocurrency befuddling And, although they have some idea ‘crypto’ is important, to them it seems too complicated to even bother to try to understand. That is by design.
Here’s all you need to know: it’s a scam. It’s a mega-con that funnels $$$ from credulous & hopeful (and sometimes desperate) people to the insiders who manipulate the whole deal. Michel de Cryptadamus documents graft of almost unimaginable scale. ½
A handy list of large crypto donors to Trump’s inauguration fund, which is basically an unregulated pot of money the president can do whatever he wants with. A few translations are in order:
Circle = world’s 2nd largest stablecoin after Tether (USDC), closely linked to Coinbase