> Most of crypto is the same old scams, repackaged. Look up "bucket shop"

A bucket shop doesn't appear to be a scam. You go to a bucket shop and purchase a share of stock, and the bucket shop assumes the obligation to deliver you that stock on demand, but it doesn't purchase the stock right away. (It's hoping that, because you're stupid, the price of the stock will drop.)

The reason it's hard to call this a scam is that a bucket shop selling you a share of stock is economically identical to an upstanding market participant and pillar of his community selling you a call option. Or, viewed another way, it's economically identical to the bucket shop selling you a short share of stock.