Sure there is higher fraud in the financial system, and that's really one of the biggest crimes in the world. But the only reason why I don't put the frauds in crypto in that level is because crypto is actually chump change in comparison. But it's all done by the same type of people.
Also, this is only the first part of the blog. In future installments I will focus on how cryptocurrencies and ICOs done properly can restore capital formation in the free economy. Please subscribe ))