Let people do whatever the F they wanna do with their money. If they lose it, shrug, it’s their money.
I hate this idea of people telling other people what to do or what’s good for them.
I hate this idea of people telling other people what to do or what’s good for them.
Take a look at the "criticism" section of the linked wikipedia source.
Besides that: I think that some form of laws and regulation is necessary to prevent bad actors from taking advantage of people.
In that sense, I strongly disagree with your approach.
What if that's what I want to do?
People piss away plenty going to casinos or clubs or amusement parks. So buy in with your for-fun budget, not your savings. Quit when it stops being fun
To advance as a human species, there needs to be an environment of equal opportunities (not equal outcomes) where everyone can lead a fruitful and satisfying life, devoid of pyramid schemes preying on the hopes of someday making it. In that sense, cryptocurrencies are not helping but exacerbating the problem.
You have to put up with what other people do with it.