This argument suggests that:
Bitcoin might have some value as “digital gold,” but even that is questioned due to its energy consumption and lack of real-world utility.
Altcoins are often accused of being pump-and-dump schemes, with developers enriching themselves before abandoning the project.
DeFi and NFTs promised a financial revolution but are often seen as tools for speculation and fraud, with only a few sustainable use cases.
Web3 is frequently criticized as a buzzword rather than a meaningful evolution of the internet, with very few mainstream applications.
Supporters argue that crypto is in its early stages—comparable to the internet in the 1990s—and will eventually transform finance, ownership, and identity.
Critics say it's been over a decade, and the only consistent use case has been speculation, not adoption.
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