this post was submitted on 30 Jun 2023
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Technology
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crypto got a bad name for a few reasons, but scams are a big one. the thing is, there's scams in everything. the scams and the NFTs grifts and the flavor-of-the-month coins don't reflect on the fundamental technology or the value of the bigger coins.
I think there are still very valid criticisms of cryptocurrency even at its best. I think we're not ready for it, technologicallly, because we aren't responsible enough with our energy production to base money directly off of it, but it makes sense to me that money could/should ultimately be an account of energy production. (or it shouldn't exist, idk)
in my opinion it's almost as much of a scam to just blanket say all crypto is trash because of scams, as it is to, well, have crypto scams. blockchain can't/shouldn't be everything people hype it up to be, but that doesn't mean it's just garbage technology.