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Is Crypto Finally Dead? (beehaw.org)
submitted 3 years ago by 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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[–] 1 point 3 years ago

I don't know if you've heard about Lightning Network, but this is a layer on top of the bitcoin blockchain that is much more suitable for small payments. That's how I do most of my bitcoin payments now, and while it's still a maturing technology, it mostly works well. Transactions are fast and inexpensive.

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