Crypto isn't going anywhere. The blockchain technology that powers crypto will be embedded into the future of nearly every technological innovation.
Bitcoin may indeed experience a crash however. Compared to other crypto models, Bitcoin's proof of work system is extremely wasteful, and the world would certainly be better off without it. Proof of stake is much more energy efficient, and does not promote supply chain blockage with graphics cards and chips.
As for whether Bitcoin is a scam or not, it is no more or less of a scam than fiat currency and the Federal Reserve. I do believe it is likely being exploited by the criminal underworld for human and drug trafficking, but then again any currency can be exploited for these means.
Personally, I don't own any Bitcoins, primarily because of the reasons I listed above. I don't like the blockchain model, and there are far more interesting projects with actual use cases for the tokens beyond simply existing.
Crypto isn't going anywhere. The blockchain technology that powers crypto will be embedded into the future of nearly every technological innovation.
Bitcoin may indeed experience a crash however. Compared to other crypto models, Bitcoin's proof of work system is extremely wasteful, and the world would certainly be better off without it. Proof of stake is much more energy efficient, and does not promote supply chain blockage with graphics cards and chips.
As for whether Bitcoin is a scam or not, it is no more or less of a scam than fiat currency and the Federal Reserve. I do believe it is likely being exploited by the criminal underworld for human and drug trafficking, but then again any currency can be exploited for these means.
Personally, I don't own any Bitcoins, primarily because of the reasons I listed above. I don't like the blockchain model, and there are far more interesting projects with actual use cases for the tokens beyond simply existing.