Oh, the irony: Crypto enables same Ponzi-like behavior it promised to fix

The creation and rise of cryptocurrencies can be tied directly to the 2008 financial crisis. Released in 2009, Bitcoin and its underlying blockchain technology was viewed, and marketed, as a way to stabilize the rampant culture of speculation that plagued Wall Street, particularly with derivative and bundled offerings. But what has taken hold in the cryptocurrency market place in recent years stands in stark contrast to these early utopian promises. Instead, a new batch of nefarious investors are hijacking the technology for their own interests.