Finance without rules and morality is a net negative.

Vinay Gupta argues that the blockchain has been damaged by its lack of rules and morality, and that Ethereum's direction has gone wrong. He says Bitcoin's rise was driven by magic and new rules, and that rising prices amount to a form of crypto-fiat that works like a central bank printing money. He describes Ethereum's three political generations: the Nouveau Bitcoiners, the Radicalised Canadians including Vitalik Buterin, and the Scammers. He suggests scammers have destroyed 99% of Ethereum's value over the last 4 to 5 years.