But I don't understand why people get so invested in it being a scam or failure.
Maybe it is, and it'll all die. That's fine. Why do people spend so much time insisting that it's the inevitable outcome. Let it do its thing, find something better to do.
> But I don't understand why people get so invested in it being a scam or failure.
Can't speak for everyone. But from my perspective, it's because certain "applications" are being marketed very heavily to non-technical people who aren't able to reasonably assess the viability of the technology. I'm thinking of NFTs in particular. The only other popularized non-NFT applications are cryptocurrencies, which are pure speculation (i.e., gambling).
In short, that's a moral issue. People were outraged by the Madoff scandal (and others), and this doesn't look a lot different to people who understand the underlying technology. Nobody wants their mom going broke because they bought some hyped-up blockchain thing on the advice of some super-hustler internet marketing influencer out looking to make a buck.
Many of us believe all this stuff is incredibly harmful right now. Just standing back and ignoring it, rather than attempting to direct people away from it, will likely cause more harm.
Imagine all your friends were really into MLM schemes and even quitting their job to join Amway and Herbalife. Sure you can just ignore it, but you can understand it’s tempting to ask them what the hell.
I was of the same mindset until this year when the pro-crypto crowd invaded the online art scene. Now I unfortunately can't avoid it, as much as I try, not matter how many keywords I mute.
I'd like to go back to ignoring it. But it looks like it's here to stay, and it's taken away one of the few things enjoyed about the internet. I guess I'm still moving through the anger and grief stages and am yet to reach acceptance.
But I don't understand why people get so invested in it being a scam or failure.
Maybe it is, and it'll all die. That's fine. Why do people spend so much time insisting that it's the inevitable outcome. Let it do its thing, find something better to do.