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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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[–] nii236@lemmy.jtmn.dev 1 points 1 year ago

DeFi has added some real value for both project creators and users, not just for myself. I'm not talking about the 'money making, profit driven' side of value either, but utility, capital efficiency, flexibility, new financial primitives as well.

All sorts of crazy innovation that you shouldn't just hand-wave away as a scam or redundant.