this post was submitted on 19 Jun 2023
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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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[–] TenNinetythree@vlemmy.net 3 points 2 years ago

As long as Kim needs goods, crypto will exist...

[–] LostCause@kbin.social 3 points 2 years ago* (last edited 2 years ago)

No, one thing is the use cases of some to bypass laws.

The other thing is, there will always be people to fall for all kinds of scams, cults, hypes, pyramid schemes so many are still alive as well, there is people out there buying sugar pills and energy healing and Reddit gold.

[–] ppb1701@kbin.social 3 points 2 years ago

It's not dead, but the SEC sure has been really helping the consumers basically tanking the market about everytime they help....

[–] snappy_ranger@kbin.social 3 points 2 years ago
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