It's hard to see the positives considering current cryptocurrencies are 99% rug-n-pull ponzi schemes with the longevity of a mayfly, and the ones sticking aroun

It's hard to see the positives considering current cryptocurrencies are 99% rug-n-pull ponzi schemes with the longevity of a mayfly, and the ones sticking around like bitcoin, eth, etc, are just a long-run-con with a value volatility rivaling only the volatility of the currently in-fashion javascript framework. I mean, most modern financial instruments are fairly similar, albeit slightly more regulated, so what do I know. In a short span, we have witnessed speculative buying of GPUs, crypto mining (aka using shit ton of electricity and hardware to produce NOTHING of value), dropshipping, and my favorite: the tremendous value that NFTs and all other web3 trash brought to society, I can't help but wonder why people are tired of the crypto fads, especially since crypto delivered NOTHING of its promises: - you can buy limited amount of stuff with it and you often need to convert it to "real" money - its unstable and unregulated, so it's just a breeding ground for scammers and snake oil salesmen - It fails hard on its privacy/anonymity promise, as it's LITERALLY the most traceable thing in the world, especially considering wallet scramblers are outlawed in many places So much negativity for no reason, all web3 so far has been super successful and extremely useful for society! /s