It's the first application of the "internet of value" - calling it a "fraud" or "scam" is like calling the internet in the late 90's a "hoax" - good luck for the people that publicly stated that (luckily we now have the internet to keep those opinions on record).
The goal is NOT to replace all fiat in the world! Most skeptics use that hidden assumption. The reality is that there is no main goal! Plain simple! The market will decide and this can go in millions of different directions.
It is very popular to be over positive or over negative about it in the media (those people are usually wrong). So keep that in mind when reading those kind of opinions.
Billions of dollars are already invested in the infrastructure so far - This will not disappear over night. It might already be "too big to fail" - If needed, It can pivot multiple times and still keep a high value.
As times change rapidly - Not taking risks is too risky! So if you only slightly believe this can be a major financial instrument, you should start to understand and invest, according to the risk you are willing to take of course.
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