Scamming is endemic in the crypto world, but it’s not inherently a scam. I don’t think it solves any real problems either though.
Gambling seems like the best comparison to me.
Gambling seems like the best comparison to me.
Gold barely solves any real problems, but it has a pretty active market. People readily buy it. The price fluctuates quite a bit (nothing compared to crypto though).
The utility of gold vs BTC is kinda moot--they're both good at a few things. They're a lot like gambling for the way most people get involved.
Some shitcoins seem like scams, but it's not inherent in the tech, and I don't feel like BTC is a scam for any reason. Sure, it's not a tangible asset, but you know that going in.