[stevebmark]

More than 90% of crypto trading is wash trading https://www.sciencedirect.com/science/article/abs/pii/S15446...

All ICOs are scams, without question. I don't know why anyone would ever get tricked into an ICO.

Most new coins are pump and dump.

So yes, overwhelmingly it's a scam, or at the very least, overwhelmingly manipulated.

Does that mean the core few who have been tricked into thinking it's a useful technology and truly believe in it are off base? I don't know, I don't know if the majority of crypto being used for fraud invalidates the few potentially useful hypotheses of crypto. I think the real question is can crypto survive at all as a useful system given it's inherently a great platform for fraud?