Join us on c/buttcoin@awful.systems

At this point? Yes, it’s pretty much just grifters and gullible people falling for them. For early adopters of crypto, not necessarily. A lot of random tech nerds got rich just investing a few dollars into bitcoin. I put 200€ into Ethereum back in highschool and while it didn’t make me rich, it did turn into a few thousand at least. These days I stay as far away as possible from anything related to crypto though.

I feel crypto and web3 is simply a way of decentralizing computation by tying an incentive mechanism to it that has been discredited by people who barely understand it/benefit from discrediting it. Furthermore, I believe that anyone who dismisses it as a get-rich-quick scheme is blind to this utility becuse of their inability to think outside of the hive-mind, doing actual crypto protocols a disservice by conflating them with blatant scam projects, reacting to a paradigm-shifting technology being co-opted by degenerate gamblers.