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237

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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[–] jmp242@sopuli.xyz 2 points 1 year ago

I am confused that you think cash is fiat, but a checking account also denominated in dollars isn't? Or else your responses seem to be a nonsequitur.

I am constantly surprised where the need for cash pops up. The local ice-cream stand. Any used purchase from another individual found on Craigslist or Facebook Marketplace. Even just reimbursement for family and friends you don't want to set up accounts for.