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Is Crypto Finally Dead? (self.technology)

submitted 1 year ago by peanuts4life to c/technology

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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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[–] PixelPioneer 10 points 1 year ago

Haha, it's funny how people think centralization will do any good for something that was designed to be decentralized from the ground up. I swear, it's like folks have totally forgotten what crypto was initially intended to solve.