> is that it’s ultimately a high tech pyramid scheme, solving few problems that it didn’t create on it’s own While you are correct in that most things borne of

> is that it’s ultimately a high tech pyramid scheme, solving few problems that it didn’t create on it’s own While you are correct in that most things borne of the blockchain space are scams, it's important to understand that it's not much different from the "technology" of the FAANGs, in terms of the harm principle. We like to denigrate NFTs and Tether, and slag on the enormous climate and social costs of BTC speculation, while we turn a blind eye to the fact that social media and adtech are fundamentally parasitic and socially destructive technologies that are far worse for the climate, our mental health, and our privacy than an exit scam or an overpriced NFT could ever be It's fine to criticize this space, but it's particularly funny when this criticism comes from people fully invested in GOOG, FB, NFLX, and SNAP, or who are actively writing code to enable our modern Panopticon.