Considering the source, I don't find this likely:
https://en.wikipedia.org/wiki/;login:
(the colon needs to be the last character in the URL above, which this site's markdown parser truncates)
Just because it can be used for scams doesn’t mean the tech is a scam.
Imagine that I assign value to my monopoly money (as in the game), and it is traded in a stock exchange. Yes, it could reach 60K, but it is still monopoly money.
Cryptocurrencies lack sovereignty and don’t have an alternative source of baseline demand, which is why they’re volatile on a level normally associated with collapsing states — especially if they’re like Bitcoin where the deflationary model encourages everyone not to spend. When anyone can easily set up a functional equivalent, there isn’t much to anchor the valuation. This is why people created things like NFTs to give others a reason to buy their tokens rather than someone else’s but that’s not especially stable until those NFTs are accompanied by legal contracts conveying tangible value.
I personally feel that we are still in the very early stages of this tech and I think it will continue to grow.
Nobody has ever claimed that you can run normal computer programs on the Ethereum blockchain. It isn't meant to run fucking Doom. Smart-contracts are more like financial protocols.
Blockchains are a form of database but they are not meant to store large amounts of data. That's more a job for IPFS.
Ethereum is migrating to a layered architecture and users are meant to stay on Layer 2's which provide substantially cheaper transactions.
I'm a fan of cryptocurrencies because I think there should be a spectrum of centralization <-> decentralization. If someone wants to stay centralized then fine but I should be able to handle my own money without a bank. I also believe that cryptocurrencies reduce financial friction and overhead. Taking donations is as simple as posting your public address. Taking payments means just integrating a library in your application instead of signing up with a service.
I'm a fan of NFTs because I think people should have ownership of digital items. I think if I pay money for Hearthstone cards then I should be able to sell them on my own terms just like Pokemon cards in real life.