Is Crypto Finally Dead?

peanuts4life@beehaw.org to Technology@beehaw.org – 234 points –

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.

284

You are viewing a single comment

Do you use Bitcoin in real life?

Do you use any gold in real life to pay for stuff?

No, and I also seriously question people's obsession with gold.

No, just virtually.

::: spoiler spoiler it's_a_joke :::

I used to work at a liquor store and we had one regular customer who paid with a bitcoin card. This was around 2015 or so. It was funny because he said it was because of "anonymity" but everyone knew him as "the guy who pays with bitcoin."