1. Extreme Volatility & Financial Risks
Wild Price Swings: Bitcoin, Ethereum, and other cryptos can lose (or gain) 30-50% of their value in days, leading to massive losses for retail investors.
Leverage & Liquidations: Many traders use borrowed money (10x–100x leverage), leading to cascading liquidations when prices drop sharply.
Pump-and-Dump Schemes: Scammers artificially inflate prices before dumping holdings, leaving others with worthless coins.
2. Fraud & Scams
Rug Pulls: Developers abandon projects after stealing investor funds (e.g., Squid Game token collapsed 100% overnight).
Fake Exchanges/Wallets: Phishing sites drain users’ crypto with no recovery options.
Ponzi Schemes: High-yield “investment” programs (like HyperFund) collapse, costing victims billions.
The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.
3. Criminal & Illicit Use
Money Laundering: Criminals use privacy coins (Monero, ZCash) or mixers like Tornado Cash to hide transactions.
Ransomware: Hackers demand payments in Bitcoin (e.g., Colonial Pipeline paid $4.4M in crypto).
Darknet Markets: Drugs, weapons, and illegal services are often traded in crypto.
4. Regulatory Uncertainty
Government Crackdowns: Sudden bans (like China’s 2021 crypto prohibition) can crash markets.
SEC Lawsuits: Major tokens (XRP, Solana) face legal battles over being unregistered securities.
Tax Evasion Risks: Many users don’t report crypto gains, risking audits or penalties.
The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc. Europe uses the same vocabulary.
5. Technological Vulnerabilities
Smart Contract Hacks: Flaws in DeFi protocols (e.g., $600M Poly Network hack) lead to irreversible theft.
Exchange Collapses: FTX’s $8B fraud showed even “trusted” platforms can vanish overnight.
Quantum Computing Threat: Future quantum computers could break Bitcoin’s encryption, undermining security.
6. Environmental & Social Harm
Energy Waste: Bitcoin mining uses more electricity than some countries, worsening climate change.
Mining Centralization: Over 50% of Bitcoin mining is controlled by a few entities, risking network manipulation.
Is There Any Safe Way to Use Crypto?
Stick to regulated exchanges (Coinbase, Kraken).
Avoid leverage, memecoins, and “guaranteed profit” schemes.
Use hardware wallets (Ledger, Trezor) instead of keeping crypto on exchanges.
Treat crypto as high-risk speculation, not a safe investment.
To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words. If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages.
