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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] 3 points 1 year ago (1 children)

@Senseibu PoW should just be straight up illegal everywhere. It's a plague on the planet.

[–] [email protected] 2 points 1 year ago (1 children)

Except it’s been around for decades and put to good use but you’ve only heard of it from crypto and are referring to crypto.

[–] [email protected] 2 points 1 year ago (1 children)

@Senseibu so has crime lol, doesn't mean it's good. There's also a reason it hasn't caught on. If you ignore the whole killing the planet thing, it's very inaccessible.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

Hasn’t caught on pfft dude why are you even replying when you clearly know nothing about the tech except for it’s bad for the planet we haven’t even got into how it could be powered with renewables (when its applied within a crypto currency that is)

Good day to you sir