Vaping seems to be healthier than cigarette smoking from what I've read, and it makes sense. Burnt particulate matter is hell on your lungs.
But it should be used for smokers to break addiction. And recreational use needs to be heavily regulated until we can do long term studies that show it's relatively safe.
I'll explain as someone with professional chemistry experience. Vaping vaporizes water to deliver the nicotine -- or just to deliver flavored vapor without the nicotine. This process gives me two major concerns:
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It isn't pure water vapor, there's additives and oils even for juices with no nicotine. We don't know what breathing in the vaporized flavor additives does. And, we don't know if the process is generating enough heat to cause chemical reactions and degradation of the non water components. It's completely possible that carcinogenic or toxic compounds could come from this. This warrants a lot more study, and fortunately, it should be quite doable. Spectroscopy could tell us a lot.
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Remember how Flint had a lot of lead in their water? Heavy metals in water come from surface atoms on the metal leaching into the water. You can treat the water to either discourage this or cause it to precipitate out. Heat increases the frequency of leaching -- so vaporizing water with the coils is going to lead to heavy metal particles in the vapor. This is where we really don't have information. We can likely determine the quantity and type of metal atoms, but we can't determine what it's going to do to the lungs. A big safety concern with tiny particles is breathing them in, because nanoparticles and the like will also ravage your lungs when inhaled. Doesn't even matter what the solid particle is.
The latter concern is where we need long term research. We need to know if the heavy metal particles in the vapor are causing damage in the same way that nanoparticles do. And we need to know what prolonged exposure to those metal particles does. After 40 years of vaping, would enough metal have deposited in airways to cause health issues? It's very possible.
Is that to say stop right this second? No, but just be aware of the risks and don't go overboard. Heavy drinking is probably still worse for you than this, and smoking is definitely worse.