Why Cryptocurrency investors are dumb

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If the whole economy switched over to cryptocurrency, anyone who casually buys bitcoins will have 1000s of times less money than they have cash versus cash assets of millionaires now. Those 1s or 10s of bitcoins you have will be dwarfed by the bit farms and you'll be in poverty but that's all you have. The disparity will be much greater than cash.

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They gave away free bitcoins to anyone who signed up for an account... so they had first dibs at mining and took the lion's share for themselves. Before anyone else had a chance to mine, most of the money was gone. It's basically a pyramid scheme.