Cryptocurrency Is a 'Cryptocracy'

There's two buckets of people who get screwed and they both get screwed pretty badly. I don't think this spills over into the the broader economy in part because like by design crypto was not plugged into the economy The crypto entrepreneurs were so disdainful of the traditional economy and the traditional financial system that they largely live outside of it. There is there is some knock-on effect here. People will lose money and the entire industry to the extent you think it has some long-term value I'm still sort of agnostic about that. This is a very bad Day for that.