235
Is Crypto Finally Dead? (beehaw.org)
submitted 3 years ago by to c/technology@beehaw.org
289 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.

you are viewing a single comment's thread
view the rest of the comments
[–] 2 points 3 years ago (1 child)

Lol, somebody could write an opinion piece like this on decentralised social media and be just as wrong as you. Crypto is happily humming along and for some reason you are bitter that people like to use it.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 2 points 3 years ago (2 children)

    I didn't write my reply for you, but for the people not yet aware of the inherent dangers of an unregulated financial market such as cryptos.

    You can continue LARPing on the internet that you are some sort of mastermind investor. If that makes you happy, it is your money. I am just asking you politely to not try and sell your financial and tech illiteracy to your friends and family, only for them to inevitably lose all the money they invested trusting you.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 1 point 3 years ago (1 child)

    If people are actually interested in decentralised technology to escape abusive corporations then your insults to cryptocurrency users and assumed bad intentions of cryptocurrency users are not very convincing arguments.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 1 point 3 years ago

    Contrary to what you keep claiming like a broken record, I am very much in favour of decentralisation. I am however against the enourmous amount of shitfuckery going on in the crypto space. And all I care about is warning people.

    If you are of the opinion that cryptos - despite all rational - somehow have a future outside of a very few fringe use cases (e.g. black market transactions), then be my guest. You are mistaken, but I am also aware that there is no convincing crypto bros.

    In well over a decade the crypto space has caused multiple economical desasters that left a lot of people destitute. It's kinda weird to ignore this fact, but you do you. Maybe believing harder in cryptos and doubling down will help this time. Best of luck, you will need it!

  • permalink
  • fedilink
  • source
  • parent