Can I buy a pizza with it or pay my bills with it? Can my employer pay me in it? Or is it just an “emperor’s new clothes” thing? I just don’t see the tangible value in it. Rhetorical questions, BTW, I know you can’t buy a pizza with it, at least outside of some edge cases that I’m not aware of.
I thought what made money money was everyone agreed it was valuable and was willing to exchange it for goods and services directly. I don’t see that with crypto.
Bitcoin in specific doesn’t scale, but other things like Bitcoin Cash scale without increasing the energy usage, because the energy cost of PoW Blockchains comes from their security, not from the scale, so doing 1 or thousands of transactions costs the same.
Plus, things like Ethereum have migrated to PoS which uses very small amount of energy comparable and also scales without increasing energy costs.