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252

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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[–] drwho@beehaw.org 1 points 1 year ago

For certain values of 'anonymous', anyway. There are still folks who don't think that traffic analysis applies to cryptocurrency.

I still don't understand why the Bitcoin community (in particular) has been so resistant to increasing the block sizes and the transaction rates. As it stands right now, the Bitcoin network can't push even a small fraction of what the SWIFT network handles every second. The arguments on the old #bitcoin IRC channel made no sense (and got a lot of us k-lined before we even saw any replies!)