>Take what you said and apply the same logic to privacy-focused cryptocurrencies
Is this supposed to be a gotcha? Those have mostly been used as Ponzi schemes or hobbyist toys that extract wealth from those who don’t have it to lose
No, not a gotcha. Sorry if that wasn't clear. It was an invitation to a perspective shift.
My aging mother lost her retirement savings to crypto "investing" despite my attempts to dissuade her for a few years. I do think that privacy-focused cryptocurrency is a legitimately worthwhile area of study/development even though the current industry is beyond a dumpster fire. But the people who are serious about it as an area of inquiry are going to stick around and use the mistakes of the past to improve. The people in it only to make a quick buck or billions probably won't.
As with nearly everything, there's more nuance involved than armchair critics tend to appreciate.
Is this supposed to be a gotcha? Those have mostly been used as Ponzi schemes or hobbyist toys that extract wealth from those who don’t have it to lose