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.

  • PixelPioneer@beehaw.orgEnglish
    0·
    1 year ago

    Well, the irony is hard to miss, right? Crypto was born out of this grand idea of decentralization, but then everyone just rushed over to these centralized exchanges. Kinda sounds like a death knell to me. Seems like the original spirit of crypto got lost in the rush for profits.

    I do think the tech and the concept will keep evolving, and eventually, it’ll morph into something new, get a new name or something. Here’s hoping that when it does, people will get that it’s better to trust the collective ‘us’ instead of just a select few. After all, these are often the same folks messing things up. But, what can you do, huh?

    • Sodis@feddit.deEnglish
      0·
      1 year ago

      Well, there just were no decentralized exchanges around in the early days. There are a few now, even though I am completely out of the loop nowadays. I think in the areas, where the tech behind crypto adds some value, it will just run in the background, so that users will not notice it at all.