Interesting thought except for the 100's of other facts that smash your 100's of facts.
The sec just stepped in on the eve of a surprise crypto scheme, foisted on investors after years of failure ... from a company who's genesis was conceived from a well known, indeed infamous scam artist ... Nugent himself.
The only thing that can change this is proof of work.
It is after all how Crypto itself gets it's value.
That app gets created, AND people actually use that app. You couldn't keep investors away.