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this post was submitted on 22 Aug 2024
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Technology
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Until there is an actual use case for Crypto, it’s definitely a scam as a technology. It exists only for investors and scammers, anyone attempting to actually use it is getting reamed.
The ancient Greeks invented steam power, but didn't take it any further than a novelty. That doesn't make steam power a "scam."
That doesn’t mean cryptocurrencies is like steam power.
Each is a technology with unique features for its time, and where there aren't any practical applications initially.
For each steam power there are thousands of similar inventions that never see the light of practical use cases. We just remember those that had significant breakthroughs.
Still doesn't mean crypto is like steam, nor that it will ever have any practical application
I'm sure the ancient Greeks said similar things about their steam pinwheels.
you know, the fact that they were right sort of undermines your argument, Hero's engine really diden't amount to anything outside a fun curio for wealthy aristocrats, modern steam engines are not based on this invention, the modern steam engine comes from early pressure-cooking