The thing with cryptocurrencies is, if you create it out of thin air, mine it, hawk it or hoard it, you’re a “crypto investor” - i.e. a swindler - and you can be said to be making good financial decisions - albeit not very moral ones - since you’re probably making money out of the scam. However, if you buy or spend crypto and you think it’s an honest alternative to traditional currencies, you’re clearly a mark.

This mortgage thing puts anybody who goes for it squarely in the second category. Nobody who’s in on the scam would do it.