> "The claimed utility of the internet is an open question at best. the internet have shown no use cases to date other than transferring information(I went and

> "The claimed utility of the internet is an open question at best. the internet have shown no use cases to date other than transferring information(I went and looked)." Maybe if you'd asked that question in the 1970s. By the late 90s dotcom bubble, the internet was proven technology being used for many practical purposes: in research, government, and just hobbyists (ever hear of a site called "Geocities?"). Some of applications had even proved to be commercially successful, such as Ebay. These early applications weren't ponzi schemes. Most people making geocities home pages weren't investing in anything, and most of those that were were using it as a legitimate way to market something real. There's nothing like that for blockchain. Almost all of the proposed applications are hypothetical and used only by blockchain promoters primarily interested in pumping the value of their investment.