Great post and I have constantly been in this conversation around cryptocurrencies. Too many people who do not understand or think about what they are saying have microphones and are weighing in inaccurately on the topic. Anonymity flies in the face of everything cryptos say they want to stand for, but people keep advocating for it without thinking what it truly means.

All of the crypto scams being committed right now are part of a huge problems and the reality is that without an industry wide body to deal with it, governments will come in and do it heavy handedly. The people who understand this and never talk about it either have a side agenda or are making too much money right now and want the train to keep moving. In the end we could end up with an overregulated mess that cannot fulfill its original intentions.

There is a dark part to crypto and it must be called that and separated from the rest.

There is also the reality that most of these coins will simply not gain traction. That is a fact. Right now between the marketplaces which are completely unregulated and the way ICOs are allowed to launch, it is an environment set up to accommodate fraud and scams, We cannot ignure this and say that govts. just want to come in and regulate. Like your comments about cryptos killing people, people will lose their and others will be completely wiped out.

I tell people to read the Bitconnect indictment in Florida. Look at the names of the defendants. In some cases they only have their internet names. How will anyone find these people when they commit scams like Bitconnect?

The challenge is as difficult as having an honest conversation about race in America, no one wants to start out with facts before the opinions can be heard.

Our biggest challenge is that there is money in the game and because of this, I doubt sanity will prevail. In other words there are rough times coming. Thanks again for the great post. I will follow and read some of your other posts as well. By the way I am writing a series of posts about the potential of Steemit and one where i ask the question about fiat currencies being so bad and if that is in fact true. Both will be done this week if you have an interest. Here is the first part of one article I post 5 days ago. Thanks and I have resteemed as well.
https://steemit.com/cryptocurrencies/@davidallenjones/the-curious-case-of-cryptocurrencies-do-they-really-have-a-chance-to-become-the-next-big-thing