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Scammers going bankrupt is the absolute right thing to happen. As a whole, the crypto market emerges stronger, when the trash is taken out. It's also a learning experience for everyone to be skeptical about yield products. If you don't know where the yield comes from, you are the yield.

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The crypto market is the trash, a decade old speculative bubble with zero real world applications.

It actually has a nice use case as a breach canary. Have an unprotected wallet stored on your machine with some btc on it (like 200-500 USD worth), and if you notice a transfer out from there, you can be sure your machine is compromised. This method was recently posted by a fellow HN member, unfortunately I forgot where.

Ah, yes, $200-500 USD, an amount of money that surely no one will ever miss, and everyone would feel perfectly fine throwing away as a "breach canary".

Never mind that that's, what, about a week's wages for many people?

Then you have bigger worries than a PC breach.

Right, because The Poors don't have lives to live that also care about things like privacy. They just exist in a horrifying life-or-death, dog-eat-dog scramble every day in their slums. (/s)

Seriously, can you be any more out of touch and dismissive of the concerns of people who haven't been making six figures ever since they left college?

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