The ultimate gift to money launderers, tax evaders and regimes circumventing sanctions. As if it wasn't easy enough already.

Pyramid schemes and other types of large scale fraud have never been quicker or easier.

Super easy to lose everything to phishing or an exploit.

Energy consumption of PoW.

A new avenue for gambling addicts to be created or suffer relapse.

Beyond the rug pulls and meme coins, most projects are still massively inflated bubbles because the vast majority of buyers know shit about fuck and just want to get rich quick.