They say it’s all just one big scam, a utterly stupid drain on the planet.
But they said the same about the internet, the same thing about automobiles and every other new technological revolution that came the in last 100 years.Crypto is more than likely the future of how we store, subtract and grow value. But, from the Silk Road to FTX, crypto has been dragged through the mud in every which way it could.
But history always tells us that every revolutionary technology starts as a playground for pirates—until the world realizes it was the future all along.
Crypto isn’t perfect. It’s just inevitable.
When you collect all the major cryptos before the fall of centralized banks.
Crypto's biggest strength is that it solves a problem that traditional finance can’t:
decentralized trust in a world full of elitist gatekeepers.
BUT WHO IS THIS "THEY" that everyone speaks of? One member of the THEY CLUB that's been against Crypto is Jamie Dimon, CEO of JP Morgan Chase, who despite calling crypto a fraud time and time again, even claiming he would fire anyone who traded crypto, has now launched is own JPM Coin and allows clients to trade crypto through Chase banking.
BUT WHO IS THIS "THEY" that everyone speaks of? One member of the THEY CLUB that's been against Crypto is Jamie Dimon, CEO of JP Morgan Chase, who despite calling crypto a fraud time and time again, even claiming he would fire anyone who traded crypto, has now launched is own JPM Coin and allows clients to trade crypto through Chase banking.
Does this meme show Jamie Dimon's hypocrisy because he was telling the truth all along about crypto being a fruad and he is now joined the defraud team or is it because he was full of shit from the beginning, just trying to protect his own ass?
Addressing the 3 Big Criticisms
1. Rug Pulls & Scams Criticism
Crypto is filled with scammers who launch tokens, hype them up, and vanish.
If you have ever watched any video coming from infamous youtubber, Coffeezilla, you will know that this guy snipes crypto scammers faster than bots can get in and out of trade. But, every tech revolution starts in chaos. The internet had email scams, Napster lawsuits, data breaches—yet here we are.
Rug pulls are a byproduct of decentralization innovation. No gatekeepers = fast growth and fast fraud.
Over time, better standards, audits, and consumer awareness are emerging (e.g., token audits, DeFi insurance, reputable launchpads).
Regulation (for better or worse) is catching up—scammers will be the first casualties of adoption, not the last.
The Wild West always becomes a city eventually.
COFFEEZILLA, the sheriff of the Crypto Scammers.
2. Environmental Impact Criticism: Bitcoin mining wastes electricity and hurts the planet.
Yes, Proof-of-Work (like Bitcoin) is energy-intensive—but it’s also transparent, unlike the hidden costs of fiat banking or gold mining.
Most of the crypto world is moving to Proof-of-Stake, which uses 99.9% less energy (Ethereum already transitioned in 2022).
Irony: crypto’s demand is pushing green energy innovation (solar mining, volcano power in El Salvador, etc.)
Compared to the energy used by banks, credit cards, ATMs, and cash logistics—crypto is already cleaner in many cases.
Takeaway: Crypto isn’t destroying the earth—it’s forcing us to reimagine how we power finance. Here is a graph showing how different value storage systems use energy.
3. Snipers, Bots & Market Manipulation Criticism
Bots and snipers rig the system. The little guy always loses.
Response:
That’s not a crypto problem. That’s a market problem. Wall Street has HFT (high-frequency trading) and dark pools too.
In crypto, at least everything’s on-chain. You can see wallet flows, bot activity, even whale behavior.
Try getting that from J.P. Morgan.
Tools are emerging to level the playing field (like anti-sniping contracts, bot detection platforms, and fair-launch systems).
DAOs (decentralized autonomous orgs) are also giving real power to small holders—something the traditional system never did.
Crypto doesn’t remove risk; it just gives everyone a seat at the table.
The Bigger Picture: It’s borderless: anyone with a phone and internet can participate.
It’s programmable: money becomes smart, conditional, and automated.
It’s transparent: the ledger never lies.
It’s self-custodial: no bank can freeze it, and no government can inflate it away.
Crypto is messy, loud, volatile, and misunderstood. So was electricity. So was the internet. So was democracy.
The future isn’t about replacing every dollar with a meme coin—it’s about giving people an alternative to centralized control.
