tasket on Nostr: There's also the fact that cryptocurrencies tend to act like sand in the gears of ...

There's also the fact that cryptocurrencies tend to act like sand in the gears of whatever scheme they're attached to. They're full of network effects that transfer wealth upward, acting like a heavy tax on small transactions, beyond what the pyramid structure creates.

But more than that, its deliberately propping up a system that is being used by Russia and N. Korea to evade sanctions.