If you think Bitcoin is a scam, or if you think Etherum or Solona are SCAMs, then take a minute to understand how they are being used.
Besides BTC having been outside of government regulation, the other two are the backbone of the financial services telecommunications network.
Blockchain is transparent. Blockchain is fast. The fastest secure blockchain will be the one most adopted.
These communications protocals are being used by Governments and every telecommunications industry to move, store, validate information.
My final position in the USG was in a cryptographics services branch. Bitcoin is simply a seed code blockchain. It is for all intenets and purposes the same as what NSA issues for secure communications.
In 1977 timeframe Japan launched a geostationary satellite which was used for banking and financial transactions. At that time the Japanese Government knew that a charge of 1/100th of a cent or some miniscule amount was charged for every VISA or credit card transaction. Japan recouped the costs in the first year. Today, the communications protocals used in banking and finance are being adopted from Etherum and Solona.
Crypto is not all just about speulation or junk coins.
Many people have no earthly idea what is behind the communications race and the part the companies like Etherum or Solona play and their down-system technologies - all they know is COINs, CryptoCoins, Bitcoin. Aside from the Asset Bitcoin, these technologies are funded by issuing crypto coins following the idea of the Bitcoin founder, Satoshi Nakamoto (of course today his Genesis wallet just took 26M yesterday, the only transaction in over 10 years).
Many of the coins, in fact most are SCAMS. However, do not make the mistake of thinking all of it is a scam.
“do not make the mistake of thinking all of it is a scam.”
The problem is that if average folks are unable to differentiate the non-scam from the scam then for all operational purposes....
It is a scam.
It is kind of like Cuban cigars sold in Mexico.
Are legitimate ones sold there? Sure—if you have trustworthy sources and know how to spot fakes and convince the seller you know the difference between the real ones and the fakes—and they actually have real ones on site somewhere.
However, even legitimate licensed Cuban outlets will sell fakes to tourists—sometimes without the approval of store management, sometimes with that approval.
At the end of the day the fakes so outnumber the real ones that it is just better not to buy Cuban cigars in Mexico.