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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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[–] Schooner@lemmy.ml 1 points 1 year ago* (last edited 1 year ago)

Yeah man, keep huffing that copium.

Bitcoin has no long term plan for actually securing its chain. The fees don't add up to enough and the throughput is abysmal. Lightning is centralised and was disrupted because of chain congestion due to Ordinals.

Keep dreaming!