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Is Crypto Finally Dead? (beehaw.org)

submitted 1 year ago by [email protected] to c/[email protected]

294 comments fedilink hide all child comments

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] 9 points 1 year ago (3 children)

Do you use Bitcoin in real life?

[–] [email protected] 7 points 1 year ago* (last edited 1 year ago) (1 children)

Do you use any gold in real life to pay for stuff?

[–] [email protected] 3 points 1 year ago

No, and I also seriously question people's obsession with gold.

[–] [email protected] 5 points 1 year ago

No, just virtually.

spoiler

it's_a_joke

[–] [email protected] 3 points 1 year ago

I used to work at a liquor store and we had one regular customer who paid with a bitcoin card. This was around 2015 or so. It was funny because he said it was because of "anonymity" but everyone knew him as "the guy who pays with bitcoin."