FTX = South Seas Trading Company 2022

Could it be the great Crypto experiment of the past 8+ years is nothing more than a Vapor-Ware experiment to exploit the greed from their wealth?

Remember the 1700s South Seas Trading Company? Remember the story of "great riches" to be had by exploiting the spice trade in the South Seas?

Thousands of people piled into these shares after incredible stories of great riches to be had for the taking.

The "greater fool" theory continued to play out - even after information came forward to show the South Seas Company was falsely stating revenues/operations.

Eventually, it collapsed (along with dozens of similar scams).

Are we seeing the same thing happen in the Crypto space in 2022?