Social media has - in my eyes - peaked and is in a continuous cycle of enshittification. Youtube, Tiktok, Reddit et al. are built on inducing compulsive behavior in people to feed their business models.

While Bitcoin arguably parasitises energy, social media parasitises human time and attention (which is a much scarcer resource), all while breaking down political institutions and societal cohesion and being a tool for foreign actors to manipulate people on never before seen scales. Social media is "move fast and break things" on a societal scale.

Bitcoin is at worst a speculative asset (no worse than most financial assets) at best a new monetary system in its infancy (unlikely but possible). It is clear to me which technology has more of a raison d'être.

I guess social media pays the salaries of most people on this forum, so the old adage "It is difficult to get a man to understand something, when his salary depends on his not understanding it" applies.

Or maybe I'm completely wrong. It's happened before. The future will show who is right.