I've done a lot of work involving buying and selling virtual goods (not cryptocurrencies, think of currency in an online game as an example). A lot of communit

I've done a lot of work involving buying and selling virtual goods (not cryptocurrencies, think of currency in an online game as an example). A lot of communities in these areas love bitcoin, not becuase they want to scam anyone, but precisely the opposite: becuase they are tired of being scammed. Do you know what you have to do when you use Paypal to buy digital goods from many persons or companies? You have to send them your ID, a picture of you next to your ID, often confirm a phone call or email, and then pay an extra fee. Because if they don't make customers do that, they will get scammed by chargebacks no matter what, and lose all of their money. People are tired of bullshit like Paypal, and that's why they prefer Bitcoin. I agree with some points the author has, I don't think there's anyone that thinks the valuation of recent ICOs on the Ethereum network are anywhere near reasonable, but just because things are significantly overvalued doesn't mean the entire technology is for scamming. Just like there's reasons to not exclusively use Amazon/Google, there's reasons to not exclusively use USD/Paypal/Banks/etc.