Every currency and asset requires continued buying pressure to prevent its price from collapsing. Does that mean gold is a scam because it keeps being mined and if people stopped buying it then its price would collapse? The value comes from the consensus of a market of people believing that it's useful/desirable, and preserving that consensus depends on the asset actually facilitating sustainable productivity.

I agree there should be some technical updates to the system to reduce abuse, but getting support for those will take time and without educating the voters they won't be enough to save it anyway.