That’s probably a fair assessment, but still a rather damning indictment of the industry writ large.

There are definitely better versions of cryptocurrency that I think could be more useful, but the industry is definitely not headed in that direction. Instead, it’s all pump-and-dumps, rug-pulls, and other schemes that render them nothing more than highly speculative asset classes in which the underlying asset has no intrinsic value.

It’s just grift all the way down with crypto, isn’t it? Scams layered on scams layered on scams.

I really wish there was a better alternative to push my friends to. I do use Bandcamp, so at least I know more of my $$$ are going to the artists and I can take the music with me, but I’m not sure about the platform long-term.