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234

Is Crypto Finally Dead? (beehaw.org)

submitted 1 year ago by peanuts4life@beehaw.org to c/technology@beehaw.org

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Yes, I know that it still exist, and yes, decentralized currency which utilizes distributed, cryptographic validation is not actually a strictly bad idea, but...

Is the speculative investment scam, which crypto substantially represented, finally dead? Can we go back to buying gold bars and Pokemon cards?

I feel like it is, but I'm having a hard time putting my finger on why it lost its sheen. Maybe crypto scammers moved on to selling LLM "prompts?" Maybe the rug just got pulled enough times that everyone lost trust.

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[–] meldroc@kbin.social 11 points 1 year ago (6 children)

I'm glad I never got into cryptocurrency. For all intents & purposes, it might as well be Monopoly money.

[–] iAmTheTot@kbin.social 5 points 1 year ago (4 children)

I'm not a big fan of crypto for a number of reasons but that "for all intents and purposes" bit applies to all fiat cash.

[–] Eavolution@kbin.social 9 points 1 year ago

Cash is monopoly money, with the key distinction of being backed by a government.

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