Yeah, I don't want anyone to come to harm. But, for any investment, people need to learn about it and use it in the context of proper portfolio sizing for their overall financial situation. Stocks, real estate, cash savings, crypto, whatever.

If we are going to advocate "something" (i.e. the government) is going to make us whole if we lose money on crypto then we are inviting government to regulate and control it - and kill it. Also, people need to get into their heads the lesson that the more dependent you are on the government the more at its mercy you are - a slave.