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Is Crypto Finally Dead? (beehaw.org)

submitted 1 year ago by [email protected] to c/[email protected]

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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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[–] [email protected] 0 points 1 year ago (1 children)

Umm social media has literally led to genocide in Myanmar leading to a flood of refugees in my country...

Decentralised social media would be even worse because people can set up their own instance and spew hate with no moderation.

How many genocides has crypto caused?

People fled the war in Ukraine with their crypto intact because it's borderless and empowers the public. Can't say the same for the banksters you're batting for.

[–] [email protected] 1 points 1 year ago

Facebook infamously played a role in the genocide of the Rohingya. Please elaborate what the systematic persecution and murder of a group of people has to do with cryptos and this whole topic about their decline?