• Nougat@fedia.io
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    2 months ago

    The ancient Greeks invented steam power, but didn’t take it any further than a novelty. That doesn’t make steam power a “scam.”

      • Nougat@fedia.io
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        2 months ago

        Each is a technology with unique features for its time, and where there aren’t any practical applications initially.

        • Honytawk@lemmy.zip
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          2 months ago

          Still doesn’t mean crypto is like steam, nor that it will ever have any practical application

          • Nougat@fedia.io
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            2 months ago

            I’m sure the ancient Greeks said similar things about their steam pinwheels.

        • magic_lobster_party@fedia.io
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          2 months ago

          For each steam power there are thousands of similar inventions that never see the light of practical use cases. We just remember those that had significant breakthroughs.

    • Stovetop@lemmy.world
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      2 months ago

      I dunno, most steam power just involves passing an environmental burden down several generations, which seems like a scam to me.

    • stonerboner@lemmynsfw.com
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      2 months ago

      You might have had a salient point if the ancient Greeks made it popular for “solving thirst across the known world,” but really it was a novelty. Or if crypto was marketed as a novelty. But crypto was hyped to be the next big things, spreading around the world, no monetary boundaries. The same people making those claims are spending hundreds of millions on the election to making sure it stay unregulated with no consumer protection.

      But sure, crypto somehow parallels steam?