I've been trying to think of a name for the crypto things that aren't really.. stablecoins and the like.
Boring Old Legacy Over Crypto services, was one idea... BOLOCS
Bitcoin is suffering because too many Bitcoiners have abandoned every principle they once claimed to stand for, and now bootlick every conman or politician who gives them even a shred of attention.
Every politician has rugged them so far. Every single one.
And still, the next fraud will show up tomorrow, say a few flattering words about Bitcoin, and the same fools will fall for it all over again.