Did this get buried by moderators? 610 points / 504 comments in 3 hours yet already down to #38.
It’s boring news, too. It gratifies no curiosity.
A type of distributed database software quickly gains mass frenzy, people bidding up the price of the database entries, leading to a cambrian explosion of scams, fraud, hype, environmental destruction, ransomware and terrorism, and now undergoing what seems to be a catastrophic (and well-deserved IMHO) collapse.
Don't worry, you'll be seeing plenty more stories about crypto businesses doing major layoffs over the next month.