Some people say the cryptocurrency industry is built to amplify wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity. Despite claims of decentralization, the cryptocurrency industry is controlled by a powerful cartel of wealthy figures who, with time, have evolved to incorporate many of the same institutions tied to the existing centralized financial system they supposedly set out to replace. Sadly the losers are the financially desperate and the naive ones. There is a lot of terrible people who are involved in the crypto space.
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