It’s not all proof of work. Crypto at its core is less a scam than, for example, the US dollar because it cannot be counterfeited, it can’t be privately fucked with, and everything that happens is auditable by the parties that need to, and not for those who don’t. It’s a far better foundation than what banks have built, which is effectively a bunch of shared ledgers but with humans at the helm.

Anyway… Just pointing out that your comment won’t age well 😜 Crypto is here to stay. Scams will be fewer and less successful as the tech matures. Remember the .com bubble? Did you curse the Internet itself then, too?