I have to say I am not shocked by this. A guy who plays pretend for a living got bored during the pandemic and decided to write a book. He chose to write a book about cryptocurrency. 

Here is the book title:

Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud

The book review, if you are interested can be found here: https://www.goodreads.com/en/book/show/61783837

Leading the witness? I have to say that the general premise of skepticism around cryptocurrency is not bad. I am personally skeptical about many involved in cryptocurrency. I have written multiple posts about getting rid of the fraudsters involved in cryptocurrency. In any new frontier, the risk takers are the ones leading the way. This includes criminals and people who are overtly trying to harm and rob others. This happens and has happened in cryptocurrency. However, to state cryptocurrency is a fraud altogether is fraudulent in order to make money and sell a book to manipulate others to give him money.  

If the book were written in a manner that would be more open minded and would tease out fact from fiction, it could actually do some good.

Again, I do not minimize blame for those that took the risk to invest in cryptocurrency. I did. I knew it was a risk. I tried to research coins and tokens that at least seem to be real and solid. That is like any company, take a risk to buy what they are selling. At one point MCI was a huge company, then it was nothing. There was risk to it. I don't see why the oversimplification of things. If the man who wrote the book was trying to be real and honest intellectually, would he not present the case in a more realistic manner? I would hope so, apparently he is intelligent at least in terms of the fact he does have a college degree in economics. I suspect he is doing himself to the "never-cryptos" what the fraudsters like SBF were doing to the "crypto Kool-Aid drinkers," manipulating them.  

There is no easy solution to this problem, if it is a problem. There are too risky and outright fraudulent cryptocurrencies and crypto exchanges. This is no different than any other business or market sector. This is why I have spent a lot of time writing about the state of the legal battler with the SEC. Whether those involved in cryptocurrency like it or not, there is a need for regulation for long term growth.  I wish people like Mr. McKenzie would not try to manipulate in the complete opposite and negative "never crypto" manner. The book may have been valuable if it were to take an honest and thoughtful approach with an open mind.

Thanks for reading, go crypto!