[Gravey]

“Crypto” is a technology that is functional and has proven utility. Those using it as a tool to skirt regulations, defraud others, or to commit outright theft are the scammers. I would agree that as a concept it is generally overhyped, usually by those who seek to profit from doing so. But I think it’s important to not conflate the unscrupulous gold miners looking to get rich quick with the utility of the precious metal itself.

[illiarian]

> and has proven utility.

It hasn't.

[concordDance]

The ability to have assets that can't be frozen by a bank or government beaurocratic fuckup is utility.

[nvr219]

Not really because the assets can totally be frozen by the exchange. The people who have money in crypto that disappears don't care if that was due to a government action or due to whomever is in charge of enough servers.

[HyperSane]

bitcoin's main utility seems to be using an utterly absurd amount of joules per transaction.