Honestly I'm a bit disappointed about this your post OP, you need to do research on the power of demand and supply to really understand proof of work and proof of stake algorithm, calling Algorithms scam doesn't make sense
Can you please explain what exactly is the commodity that is in such high demand here?
Freedom.
In traditional FIAT currencies your money or time if you will is not controlled by you. Financial policies are not controlled by you. At any time the rules of the game can change, and have changed. Just recently we have observed this with the run-away printing of USD.