So true.
Generally speaking cryptocurrencies are a scam for the purpose of sending currencies because their prices fluctuate.
They can't be an investment because they are a speculation.
They can't be a speculation because even before doing the speculation like gambling , you would most likely be scammed.
Its a scam.
And this is me after I have created something on top of Nano cryptocurrency just recently. Though I did with 0.000001 nano which I got from some one time captcha. Basically nanotimestamps.org (still not created the website because I am so lazy and I have only done it with the server client model , not sure how can I do with real people funds and without a server / wasm in client) where it creates blockchaine-d timestamps which you can verify. I have created another where you can store data on the nano blockchain by routing some transactions (like 3-4) (but you don't lose any nano 0 nano lost in process , inefficient can work for only 3-4 characters) I have created another where you can store data on the nano blockchain by losing 10^-30 that is the lowest point of nano , something which you get a lot of , even from a free faucet that you don't have to do another captcha again and it moves it up to 32 characters)
I think this is the purpose of blockchain and this and this only. I don't want to create / work on this because I feel that just because I am writing this on nano , people are going to get all hyped up on nano and I buy it and indirectly I become part of some scam.
I am okay with if a cryptocurrency is equal to so people don't buy more than 1$ but for anything more , I genuinely wonder.
Also I think I like the concept of monero from the process of anonymous transactions and that only. But still I won't treat it as a store purpose but rather temporary.
I hope that these stay stable and scams go away.
I have 0.000002 nano that I got by doing two captchas and I won't ever "invest" in crypto , only if I want to buy something anonymously or sell it , will I ever use monero and that too I would mine it myself,
I would invest only & only in index funds.
If you are going to mine monero, try p2pool. It is better for the decentralization of the network, is capable of even smaller payouts and has no fees.