There’s probably someone here who can point me to one, but I haven’t seen a cryptocurrency that wasn’t a scheme to enrich the creator and early adopters much more than it is a useful substitute for money.

More than 1,000 people have so far signed up to the pro-Trump cryptocurrency magacoin, including conservative media personalities and Republican figures, the Guardian can reveal.

The news comes after poor security configuration in a website associated with magacoin exposed the email addresses, passwords, cryptocurrency wallet addresses and IP addresses of users who have bought in to what its promoters describe as the “digital currency for the MAGA community”.

The data also reveals that the lion’s share of the cryptocurrency so far produced has been allocated to the self-described creator of magacoin, a pro-Trump consultant who owns an LLC associated with the cryptocurrency, and a Super Pac associated with the same consultant.

Revealed: the people who signed up to the Magacoin Trump cryptocurrency (The Guardian)