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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 1 points 1 year ago

Funny how people are creating bullshit by taking about things they don’t know.

Hint: Blockchain is more than just currency and when your centralised e-mail server is taken down with all of your e-mail's, than you will think back at people who did the switch to decentralisation.

Another hint: Ethereum did lower its CO2 emissions by 99%, just by changing its code. Can your 100% virtual currency, parked at your favorite bank in a country like sweden, where there is no cash anymore, do the same?