It's disturbing that people are still praising Bitcoin in spite of that fact that it can only handle at most 4 transactions per second and consumes as much ener

It's disturbing that people are still praising Bitcoin in spite of that fact that it can only handle at most 4 transactions per second and consumes as much energy as Austria. Same goes for Ethereum at 15 TPS... Ethereum is an over-engineered mess of technical debt. It's been stretched way past its original design goals. All these valuable cryptocurrencies are a symptom of a failing capitalist system. The only reason that they had value in the first place was because the rest of the economy was so inefficient and speculative that they started to look like a wise investment in comparison (especially as a hedge). The rise of useless jobs is real, this is especially true in the cryptocurrency industry. The amount of human effort and talent which has been wasted on Bitcoin, Ethereum and other overhyped, poorly engineered cryptocurrencies is staggering. Not only is it wasteful, but this industry is producing a new wave of engineers and scientists who are gullible (hype-driven), unskilled and complacent; a dangerous combination. Most cryptocurrency projects were created by juniors who had limited understanding of distributed systems and scalability at the time. If Vitalik Buterin had to start Ethereum from scratch today (knowing what he knows now), I think he would design it very differently. But instead, he is forced to support the existing network and protocol even though the only real way to fix the project is by starting from scratch with a new foundation. It's like if you start building a 1-storey apartment and after you finish, you realize that you actually needed a skyscraper; but instead of starting again from scratch, you decide to re-use the existing building foundation with the same investors, same architects, same engineers, same builders. You even allow the existing tenants continue to live inside the house while you continue building on top. It's probably not going to work because you don't have the right foundation, your team doesn't have experience building tall structures and you don't have any experience leading projects of such complexity - The fact is that your odds of success are extremely low; your foundation is probably not strong enough, your team is probably not smart enough and not adaptable enough and you, the leader, are probably not humble enough to accept reality; so you will fail to take the necessary steps to fix the problems.