this post was submitted on 19 Jun 2023
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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] 34 points 1 year ago (26 children)

I'm a fan of cryptocurrencies, and I would dearly love for the "speculative investment scam" aspect of it to be dead. It's been a massive drag on the technology's reputation for many years, preventing it from being used for all kinds of applications that would really benefit from some form of cryptocurrency integration. Unfortunately even if the "speculative investment scam" aspect dies the bad reputation will linger, so hopefully those applications will find ways to sneak it in where useful without drawing too much attention.

[–] [email protected] 25 points 1 year ago* (last edited 1 year ago) (16 children)

It's been 13 years and the only applications found have been in fraud.

Over and over, blockchain is a solution to a question nobody asked.

You might as well say you're a biplane enthusiast or something.

[–] [email protected] 7 points 1 year ago

Hey. Biplanes are actually much more relevant in today's world than crypto. They aren't common, but there are still new biplanes made because they are a valid solution for certain problems. Unlike blockchain.

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