This is a weird take and not the "gotcha" you might think it is.

Cryptos are a scam where nobody but very few at the top of the fraud actually win. While some crypto bros might be beyond help, they are actively endangering other people by trying to sell them their snake oil and drag them down with them. And the most tragic thing is, they stop applying any form of reason before making dangerous monetary decisions. People have and will continue to lose all their savings, so I would definitely agree with you that this shit is disgusting.

Decentralised social media on the other hand does not and can not endanger people's lifes like that. Yes, social media has dangers in itself. But I'd wager those dangers are far less pronounced, despite having a share of wackos.

If you are into cryptos and don't realise it is among the worst forms of gambling on it's best days, maybe you should take a couple of steps back and reevaluate if you actually understand everything that's going on, including the umcanny risks: Do you actually, for real, understand how it all works on the technological side or do you just pretend to or take someone's word for it? Do you actually make your own decisions or are those influenced by forces outside of your control (e.g. "diamond hands", "hodl" etc.)? Do you have a concrete and detailed financial plan that incorporates the worst scenarios as well ad exit strategies or is your "investment strategy" mostly determined by chance? How is your investment secured? Could you actually and factually sue in court and win in case bad actors try to prevent you from cashing out? How exactly is anything supposed to turn a profit and who's pocket is that magical profit supposed to come out of? Is anyone standing to make a profit from you and can you guarantee it won't happen? How?

Those are just a few (but not even all) considerations where cryptos usually should ring enormous alarm bells for anyone with a modicum of financial education. But not to crypto bros. To them all of this is weirdly enough just dandy and questioning anything is greatly discouraged. At some point they stop all critical thinking and just throw money into the fire, so some grifters can grift.

I'd personally rather use the money in cash to light a real fire. At least that will provide some warmth for a hot second.