[ausbah]

sure they aren't the problem of crypto because they're a feature of the surrounding ecosystem not the underlying implementation, but when the ecosystem gains the reputation of a scam filled hellscape and most of the value and "use cases" is tied up in artificial hype - that has to pose some amount of worry in terms of future regulation and adoption does it not?

[naraga]

i really hate this analogy but if you want to avoid scams avoid internet. crypto, for whatever reason is treated as special while most are commited with all sorts of hacks or social engineering. on the other hand i do recognize this is an issue but imo the only thing you can do is education. crypto has valid unique amazing usecases and it enables things that were not possible before.

[ausbah]

crypto is just like banking, which is an already regulated industry

[naraga]

it is absolutely not. removes many inefficiencies. saying this as someone working in investment banking for years.