Never read a better summary before - > These domains are strongly associated with fraudulent activities and high-risk investments which take advantage of people who are suffering from economic hardship and growing global wealth inequality. Few to no legitimate use-cases for this technology have been found; instead it is mostly used for fraudulent “get rich quick” schemes and to facilitate criminal activity, such as r…
A monetary unit that can't be debased running on an open, permissionless financial network anybody can use is the use-case. The big and only use case. Research suggests less than 1% of "crypto" usage is for criminal activity. Energy isn't fungible and it isn't wasted if it's securing hundreds of billions of value for hundreds of millions of people. So maybe you shouldn't send something to everyone you know if it isn'…
I’m really curious to know where this statistic is coming from. Spend a day following other sources [0] and you’d be hard-pressed not to come to the same conclusion.