A financial report this week celebrated the launch of yet another cryptocurrency, this time a new LGBTQ-focused coin that aims to “fight against homophobia.”
If it takes off, the maricoin, a name which, as Reuters reported, is derived from a Spanish language homophobic slur, may be the kind of niche token that will survive in a very competitive field. Its founders hope so.
With fortunes having been made by many who have introduced coins of their own, there is certainly plenty of competition. But for people turning their hard-earned money into crypto tokens, that raises a bothersome question.
Even if crypto tokens really do have a use and a real-world value —
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