If someone advertises a cryptocurrency to bring you money as an "investment" but has the intent to take your money and not produce more value with it.
A project may aim to achieve a goal but fail to do it for various reasons. There a legitimate, e.g., technical challenges, and illegitimate reasons, e.g., misuse of funds.
The same way that, e.g., a publicly traded company can legitimately go bankrupt, without defrauding/ scamming customers.
The distinction of legitimacy/ intent was meant in reference to the legal usage. One can argue about these being logical.
You keep missing the point. "Intent" is an assumption here, not a fact --- and one that can be applied with equal veracity to any cryptocurrency.
In other words, crypto isn't real money. And by extension, selling people "fake" money is called what?
I mostly mean "sell" as in "market".
If the Satoshi wallet is sold off when the coin is already a million each, what does that prove about that wallet's intentions?
I just don't see the connection...if they were doing daily pontificating on social media, signing messages with genesis wallet keys, I could understand directing the hate there.
As it stands, just confused.
Explain how "intent" is logically derived.
The "intent" of Satoshi Nakamoto may have been the same --- as was the result --- he became rich by wasting electricity.