I think a better analogy is the internet. Or phones. By any measure, either of those technologies have unleashed a torrent of scams and fraud, especially in the areas where they are largely unregulated.
Of course, I’d say the benefits of cryptocurrencies are far smaller than the benefits of the internet (it’s pretty hard to compete with connecting almost the entire world into a single instant global network for the first time). But some benefits do exist, and I feel like you’re being wilfully blind if you disagree with that.
Of course, you might feel that the downsides (massively) outweigh the upsides. And that’s fine. Others will disagree.
One thing I think we can all agree on is that crypto is at least decentralized and permissionless enough to not go away any time soon, no matter who wants it gone.
Of course, I’d say the benefits of cryptocurrencies are far smaller than the benefits of the internet (it’s pretty hard to compete with connecting almost the entire world into a single instant global network for the first time). But some benefits do exist, and I feel like you’re being wilfully blind if you disagree with that.
Of course, you might feel that the downsides (massively) outweigh the upsides. And that’s fine. Others will disagree.
One thing I think we can all agree on is that crypto is at least decentralized and permissionless enough to not go away any time soon, no matter who wants it gone.