Crypto coins are nothing but Ponzi schemes. Wake me up when their value is not tied to how many dollars they buy or used for ransom payments or dark-web payment

Crypto coins are nothing but Ponzi schemes. Wake me up when their value is not tied to how many dollars they buy or used for ransom payments or dark-web payments. Blockchain though that’s interesting. The coins have been around for years and years and have not had much success with greater adoption other than another asset class to speculate with. I submit the utility of crypto in coins is zero but the blockchain might be marginally above zero. And all this will lead to is crypto coins backed by governments built on blockchains where citizens of said governments will be coerced into using because what person is outside of the jurisdiction of their government? The e-yuan and the e-dollar are coming and each will be controlled by a central bank and fiat currency 2.0 will be here and the silly anarcho-capitalist utopia of the crypto hippies will die out to pragmatism. So yes, crypto-bull tears are sweet because crypto coins are inherently useless.