I ALMOST GOT INTO CRYPTOCURRENCY AND NFTS LAST YEAR, IN 2022! BUT IT WAS ALL A HUGE SCAM!

Honestly guys, I Almost got into selling my original digital art & my DSNG characters as NFTs, back in early 2022.

Thank God that I didn't.
And a few months after I decided not to, the huge CryptoCurrency crash occurred between February and April of 2022. And a lot of peculiar details about that online currency system came to light.

SO WHO STARTED BITCOIN? Listen folks, the original online crypto-currency, Bitcoin, is a Global Scam, fueled by greed... Because anytime you have a creator who starts a currency, and then he runs away so that his identity is never known, it's because he doesn't want to get sued if his sh#t hits the fan. Since 2008, No one knows who Satoshi Nakamoto is, not even the Feds. And he's the creator of Bitcoin and the concept of intangible crypto-currencies, aka the "tempting non-existent fairy dust internet monies", which a lot of millennials fell in love with. It presented people with a way to get rich quick, regardless of your education, knowledge, skills, or current financial portfolio.

SOME DETAILS ON THE NFTs And the online-based Non Fungible Tokens were an extension of a cunning way to get people to buy and use Bitcoin / crypto-currencies. And before you can buy an NFT, you have to create a digital wallet, and transfer your real money from your bank to the wallet, in order to buy the tokens that you want. But the purchased token / the NFT-art was never fully owned by the buyer... instead, you got a digital receipt - a link to something uploaded online, which anybody could view, and anybody could screen-capture and download. And it wasn't clear if you had paid for the actual Copyright, or the Trademark, or the right to use the drawn character / object that you'd just bought, for your own personal profit. And nothing was contractually documented, which could lead to huge legal cases in the future, between original artist and the NFT buyer.
And cryptocurrency is tied to a deregulated / independent banking system. So that means, the crypto-creators get to set the value of their equity / shares, behind the scenes, with no FDIC backing, and government oversight to keep them from over-inflating their Bitcoin stock value, or lying about their true collateral / financial reserves, while issuing you false stocks. That's already a Big Red Flag. 
But once the big corporations like Tesla Motors started getting into Bitcoin and buying that imaginary currency in the Billions, and even accepting it as payment for their electric cars, then it gave the Crypto-Scammers the tangible dollars that they needed to act like they were legit / truly successful entrepreneurs... but it also gave them their golden parachutes for escaping the crashing plane, when their "pump and dump" / ponzi schemes fell apart.
And FYI, Tesla Motors cancelled their Bitcoin car-payment acceptance plans, like a year later. And they also pulled out ALL their crypto-stock, which was between 1.2 to 1.5 Billion dollars. You don't do stuff like that, unless you don't trust the investment.

CLASSIC BANKS AND GOLD BARS.
Think of this: Back in the classic Wild West Era of 1600s - 1800s, the Banks had gold bars as their collateral, to give out loans and issue bank notes.

But with Bitcoin, there is no tangible collateral that's backing the digital currency, or the purchased online assets of wealth. Yet the online cryprto-exchanges gladly accept the "real money" to boost the value of their Bitcoin stock price. And the "real money" comes from you, the scam victim.

The founder of Bitcoin is a ghost; not a known millionaire, Hedgefund manager, or investor. He can't pay you back, if your investment of "real money" into the shares of his intangible "digital currency" fails... and neither can the other crypto-exchanges, unless they've got big tangible bank accounts behind the scenes.

Bitcoin is linked to the concepts "block-chain technology" and "mining". I won't go deep into those issues right now.But there are a host of other digital / crypto-currencies, which are based on variants of the same block-chain tech, like Ethereum, Ripple, Litecoin etc... But if Bitcoin, the exemplary foundational block, is highly flawed, then every other digital currency, [unless they have stores of "gold bars" sitting somewhere as their collateral for the sake of protecting their customers from investment losses], is probably a Fraud as well.

As proof, a lot of crashes stated happening last year.And a crypto stock exchange company called FTX was caught up in huge fraud recently, with lost investor sums of like 20 billion dollars. And some experts said no, it was more like a 32-billion-dollar fraud... plus the rival company that exposed the FTX fraud, a group called Binance, is also facing some huge criminal charges from the Federal government now....
Anyway, that's all for now. I hope this blog post enlightens someone. And I'll just share some links, which go deeper into explaining Bitcoin, the NFTs [based on crypto currency] and the FTX collapse.
This 30 min video shows the rise and fall of FTX, owned by some dude called Sam:https://www.youtube.com/watch?v=20BEJouWBgY
And Watch this 20 min video that explains Bitcoin: https://www.youtube.com/watch?v=4ByO8ym-iF8

And this second 50 min follow up video, on the Scam of NFTs:
https://www.youtube.com/watch?v=ORdWE_ffirg&t=2s

- Article written by the artist & author of the DSNG Sci Fi Series [http://dsngsfm.blogspot.com]