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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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[–] Aetherion@feddit.de 5 points 1 year ago (2 children)

You know that this was being said multiple times in the last 10 years?

[–] Contend6248@feddit.de 3 points 1 year ago

I was there when it hit $50 and said that the bubble has to pop soon, so at what time are we accepting crypto coins as just an alternative if you want to gamble?

[–] drwho@beehaw.org 1 points 1 year ago

People have realized it, and they don't seem to care.

Every time there is a market correction, the prices fall such that more folks can buy in. Folks might not be able to buy in right now at $29kus, but if and when the price falls back to $25kus at some point the price point might be more conducive.