The blockchain/cryptocurrency space is mostly fraudulent

Please stop with the FUD already. I can see the effort to destroy HN as an information source, but please consider the effect on our nation's technical competence and ultimately its ability to continue discovering and making things required to sustain national defense.

Just stop.

was ready to give this a shot, but what??

> They do not meet any of the standard tests for money (especially the three classic criteria of store of value, medium of exchange, and unit of account)

That's a really difficult claim to swallow. Especially without further explanation than a wall of citations that I'm not going to bother chasing because I know the claim is false. At least provide a quick synopsis/summary for why crypto fails at any given one of those.

Bottom line: Most cryptocurrencies may not be very good at any of those, but that doesn't mean they aren't used in those capacities at all.

Cryptocurrencies are an innovation and they have value. We can debate the extent of this and what practical applications can really be built. However, outright dismissing them as garbage does no justice to the debate.

Bitcoin is a good , fairly decentralized expression of digital scarcity at the very least and can be a store of value.

Crypto is just a digital asset that is very damaging to the environment and it is not like fiat currency because there is no exclusive market under it.