You write: "If someone was stupid enough to put their life savings in cryptocurrencies while not understanding how it works then they deserve to lose it all and some more. This is simply a matter of survival. Much like natural selection they need to be wiped out economically, so hopefully they won't procreate and create more economic idiots."

How funny I've just read today an interesting "memento" in The Economist that reminded us that Sir Isaac Newton (yes, THAT Isaac Newton) was in his time a "South Sea idiot" and lost a lot of money in the ponzi scheme of his lifetime. Which should put some water in your "Darwinian selection" wine ...