Hindenberg research released a report exposing fraud in Dorsey's Block company. Block shares plunge.
(hindenburgresearch.com)
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I am just an old fart and the only thing I know about crypto crap is that someone is always stealing the money. If a bank was getting robbed Monday, Wednesday, and twice on Friday, why would you put money in that bank?
I think it started more as an alternate currency, a way to pay for things like the dollar or yen but with less of a trace. The criminal element is always drawn to those sorts of things.