Elon Musk Says Most Cryptocurrencies Are 'Scams,' While Some Have 'Merit' During OpenAI Trial: Report

Elon Musk said most cryptocurrencies are "scams" during his Thursday testimony in the OpenAI trial, according to a reporter covering the case. Musk’s Response To Initial Coin Offering Question Mike Isaac, a tech reporter from The New York Times, quoted Musk explaining cryptocurrency to the jury in the Federal Courthouse in downtown Oakland. “Some of them have merit, but most of them are scams,” Musk was quoted as sa…