Ah yes, Monero, from the WannaCry incident, the premier currency for criminals. Also I've made a detailed list of points and most of them (except 1, which is about stablecoins and 5, which only half-applies) apply to Monero. It's still proof of work, so it wastes energy, it still destroys consumer protections, is perfect for scams and makes it even harder for authorities to pursue criminals. And it is still a bigger fool scam, despite being useful for criminals.

“a trading card site and two unlicensed online banks went broke so you’re stupid for buying Cisco stock” right after the dot com crash.

Ftx was one of the largest exchanges for the whole of the crypto market. This is like Goldman Sachs, Wells Fargo and Deutsche Bank all going bankrupt and their execs sentenced to prison at the same time.

(There are no major licensed crypto banks btw)

Addendum: Cisco is a company that offers products and services. Crypto is used by criminals and speculators.