> If investing in crypto is a scam, why isn't investing in these other currencies also a scam? Isn't the answer to this that other currencies are backed by the

> If investing in crypto is a scam, why isn't investing in these other currencies also a scam? Isn't the answer to this that other currencies are backed by the might (both economic and military) of nations? I don't think mainstream blockchains like bitcoin and ethereum are scams, but this is an important distinction between sovereign currencies and cryptocurrencies.