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164

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 3 points 1 year ago (2 children)

I've never met anyone taking monero, but I do think it's the only one that may sort of live up to some of the promises. But again, a currency no one accepts isn't useful to me.

[–] shortwavesurfer@monero.town 3 points 1 year ago

I use monero and if i need to pay in another crypto i just use an instant swap to convert monero to their crypto of choice

[–] trent@kbin.social 2 points 1 year ago

I see monero pretty widely adopted! But not near Bitcoin and even BCH might have a little more traction.

I've kinda seen monero as a truly peer-to-peer currency because most central exchanges don't ever want to touch it :)