Crypto critics — What’s their beef with the blockchain?

Crypto and Web3 have become arguably the most maligned tech in the world, with a dedicated group of critics.

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Crypto has grown from humble beginnings into arguably some of the most maligned technology ever, with a dedicated group of zealous critics ready to ridicule any setback in the industry. 

Reasons for criticizing crypto vary, depending on the individual, and can range from questioning its use cases and pointing toward bad actors scamming people to outright hatred and predictions of the market’s impending doom.

Legendary investor Warren Buffett has stated his disdain for the crypto industry more than once, while stockbroker Peter Schiff and United States Senator Elizabeth Warren have also spent plenty of time and energy criticizing crypto.

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