[rsynnott]

This feels a bit more likely to be the end than previous collapses (last time round, the ecosystem wasn't advanced/broken enough to show the sort of contagion hitting it now). On the other hand, never underestimate the ability of fools to be parted from their money; see NFTs, for instance. It's quite likely that there'll be another crypto-y... thing along sooner or later.

It's notable that classical Ponzi schemes come back in the real world from time to time; they just need a very light reskin, and people buy in again. Plausible that the same happens with crypto to some extent.