Jemima Kelly is absolutely right: there is a strong moral case against crypto (Opinion, May 19).
She did omit one argument, however. Part of the hype about crypto is that it’s an alternative to the dollar. The main traded currencies are all issued and backed by democracies. In fact, these currencies are an important arsenal of democracy.
Given the growing risks to democracy, I find it morally wrong for us to undermine our own currencies. What Churchill said of democracy might be applied to the dollar: the worst form of currency in the world, except for all the others.
Seattle, WA, US