Sure, but those applications may actually do something useful. Crypto mining is entirely useless, except as a way to facilitate black-market transactions.
That is typical narrative of those who are teriffied of uknown. Or well functionial alternative transaction system that is not under control of central banks.
Fiat is no longer currency that store value. How long do you think that financial system with unlimted debt could least?
Fiat is no longer currency that store value. How long do you think that financial system with unlimted debt could least?