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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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[–] Ebuall@programming.dev 19 points 1 year ago (1 children)

Maybe people understood, that instead of freedom as advertised, crypto brings out even more oppressive forms of capitalism.

[–] Contend6248@feddit.de 1 points 1 year ago (1 children)

I'm not a crypto-bro, but how are they oppressed? It's just a infinitely more volatile Gold replacement and you don't have to sell on the big places

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

"Infinitely more oppressive forms of capitalism," not "Bitcoin users are oppressed."