I don't use a ton of cryptocurrency, but I have a few uses for it.
My primary use case right now is using Filecoin to pay for off-site backups of various kinds, encrypted with (supposedly) quantum-proof cryptography that I encrypt my data with before finally replicating it to numerous instances across the world. This is together with also writing my backups to CDs, using online services like rsync.net and one big USB stick at one. One time I lost my backups so I'm trying to make sure this never happens again...
Secondly, I've used Algorand, Ethereum and Bitcoin for transferring funds to relatives and friends to/from South America and Africa, which ended up being the cheapest way of transferring funds to them, even accounting for me buying it, the transfer fee and them cashing it out. It also was way faster than anything we tried before, so pretty good experience overall.
But to your main point, most if not 99% of all cryptocurrency is definitely over-hyped beyond anything I've ever seen. I wouldn't touch most of the ecosystem with a ten-foot pole, doing a lot of research and actually understanding the protocols that you use. Most people don't, so they tend to get burned. Countless of times I've had to help family and friends to avoid scams that they come across, and it honestly makes me kind of glad that what is happening now is happening, it'll shake off all of these scammy projects that are just trying to scam people.
My primary use case right now is using Filecoin to pay for off-site backups of various kinds, encrypted with (supposedly) quantum-proof cryptography that I encrypt my data with before finally replicating it to numerous instances across the world. This is together with also writing my backups to CDs, using online services like rsync.net and one big USB stick at one. One time I lost my backups so I'm trying to make sure this never happens again...
Secondly, I've used Algorand, Ethereum and Bitcoin for transferring funds to relatives and friends to/from South America and Africa, which ended up being the cheapest way of transferring funds to them, even accounting for me buying it, the transfer fee and them cashing it out. It also was way faster than anything we tried before, so pretty good experience overall.
But to your main point, most if not 99% of all cryptocurrency is definitely over-hyped beyond anything I've ever seen. I wouldn't touch most of the ecosystem with a ten-foot pole, doing a lot of research and actually understanding the protocols that you use. Most people don't, so they tend to get burned. Countless of times I've had to help family and friends to avoid scams that they come across, and it honestly makes me kind of glad that what is happening now is happening, it'll shake off all of these scammy projects that are just trying to scam people.