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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

there are decentralized currencies that work perfectly well without wasting tons of energy, although I agree that none have yet achieved the necessary scale to actually replace current centralized money systems. These currencies might find a niche that doesn't need the capacity to handle thousands of transactions per second, or perhaps one of the many many different ways to scale these currencies that are currently being worked on will end up being good enough (they aren't, yet)