It's quite hilarious that you link to an EA forum to make your point when it's a known fact SBF was from the EA movement and they openly discussed --after the SBF/FTX/Alameda fraud was exposed-- whether scamming people to give part of the money they stole to fund things they thought would make EA participants look as white knight was acceptable or not.

The best example is SBF's guru who bought a 15 million GBP mansion in the UK for the EA movement with stolen funds.

Now he's keeping a very low profile because I know for a fact that up to a few years ago there was still assets being clawed back from the Enron fraud (!). So that mansion could be seized one day from the EA movement.

Let's steal money, let's buy private jets and fancy villas for our parents in tax heavens, let's give some to worthy cause (worthy in their own eyes).

Despicable people this EA movement.

And, no, I'm neither taking lessons nor explanations from what are, in the end, just petty scammers / thieves.

The pendulum has swung a little too far that way, for sure. But when the so-called "cryptocurrency" industry either have business models that are barely concealed ponzis/rugpulls, or run their own "cryptocurrencies" that are only marginally better than a centralised database, it's hard to blame the critics.

Satoshi Nakamoto must be rolling in his grave.

A lot of us were victims of the FTX/Gemini Earn bullshit, where we were taken in by "stablecoins" and promises of safety only to have our stuff stolen.

You could say "bad apples" and fair enough, but even with that as a given, I haven't seen any utility out of cryptocurrency as a whole. I'm sure you can find to a nifty little tech demo for something, but I haven't seen any large adoption for cryptocurrency outside of a "greater fool" investment scheme or buying drugs.

Stablecoins are kind of a cute idea, but as I learned from the unregistered security scam from Gemini, they're basically just a farce.