[inquirer39243]

not op but -

I do not think crypto itself is a ponzi - I think long term it has uses, but not this stupid "get rich quick" bs.

But I was laughed at for saying "don't buy crypto to make money". NFTs can genuinely be useful - but if you're using them with the goal of making money then you're using them wrong. This stupid art stuff and other general stupid "get rich schemes" have obfuscated it's actual usefulness, leaving it overvalued as all heck, and everyone scammed.

The very volatile price caused by this stupid "get rich quick" hype makes it even more difficult to actually use it.

The bad outcome I was warning about was the 80%+ drop. Even advising people to keep coins in their own wallet is commonly dismissed with "yeah but [exchange] does x differently and is too big to fail".