[bryanrasmussen]

>What I'd like to appreciate is the uniqueness of the blockchain space in its seemingly bottomless capacity to generate these bold propositions for which blockchain is _blatantly_ ill-equipped to solve whatever problem is at hand.

>This would make complete sense if the sector as a whole were, to put it crudely, one big Ponzi.

snake oil, that is a phrase that is commonly understood as metaphorical and nobody is going to argue that "it is not matching the classical definition of snake oil so it can't be that".