ICP isn’t a scam 😉 Even Vitalik has said so himself. The scam is that ICP got cast as a scam by competitive projects who wanted to suppress news about its technology – see https://CryptoLeaks.info for info on some of the things that happened. The Internet Computer project is mainly developed by the DFINITY Foundation, which is a not-for-profit that runs the largest cryptography team in all of tech, not just blockchain. The big opportunity this presents for Ethereum developers working on DeFi and web3 services, is that now traditional IT – such as cloud computing services run by AWS – can be removed from the equation. Currently Ethereum developers have to use traditional IT to store significant amounts of data, such as NFT content bytes, perform significant processing, such as running exchanges for assets such as NFTs, and to serve interactive user experiences over the web. The problem is that traditional IT is insecure, is centralized and can make developers liable for otherwise fully decentralized services, and can be easily censored. For example, AWS banned Parler. The new ICP functionality demonstrated allows services running on Ethereum to be fully decentralized by replacing traditional IT with Internet Computer canister smart contracts.
