> He then failed to stop crypto payments
lol..err, https://en.wikipedia.org/wiki/Petro_(token) -- the government has not tried to "stop" anything.
If any of these systems had any actual utility many states would spend the relatively trivial amounts of money to 51% attack them: https://www.crypto51.app/. Or force take over their miners. Or monpolise half the stake. Or control the (local) mining networks. Or one of a number of trivial actions.
These systems do not work. Their alleged properties are lies. They are not immutable, they are not decentralised, and they are not capable of supporting non-trivial economic transactions.
This is a scam. These stories are lies. They are told by people who are in on the scam. This is a manipulated market, these are manipulated ideas, this entire system is comprised of about 100,000 people around the world, 5% of whom benefit from it.
It is incapable of supporting millions of users, let alone how severely impoverished they'd be at the expensive of the present holders -- thank god such systems cannot scale.
Present holders, no doubt like you, desperate to bring cash into the system, more people in, so your present holdings can increase in value.
I find this reprehensible