[JSavageOne]

Make low-effort snarky comments, and you'll get the same back.

Ok, so by your definition cash is also a scam then too because it enables transacting without KYC.

Crypto benefits way more than just scammers. A non-significant portion of the population doesn't have access to banking. Not every country has the blessings of a stable currency, freedom of capital movement, and a sane government. Crypto enables borderless transactions and collateralized loans with low fees without being dependent on a country's institutions. In countries like Argentina that've experienced hyperinflation and bank runs, nobody has trusted banks and their Peso for a long time - preferring to hoard cash and deal in cash transactions, even for house purchases [1]. To Argentinians, crypto is a huge boon. I'd imagine the same in countries like Venezuela and Cuba.

Crypto also enables decentralized anonymous voting, decentralized autonomous organizations (DAOs), and decentralized finance (eg. trading, lending + borrowing, insurance). In 20 years I'd bet we'll see elections run on the blockchain with zero knowledge proofs.

Sure there are downsides as well, but it's tiring seeing shallow comments on here dismissing crypto as a "scam" despite the real value it's bringing to peoples' lives. Crypto is much more than just Ponzi schemes and ape NFTs.

[1] https://youtu.be/dwjiucS4NtY?t=2164