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From millions of dollars to under a grand: The dramatic fall of the NFT (english.elpais.com)
submitted 6 months ago by to c/technology@lemmy.world
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[–] 11 points 6 months ago (5 children)

Also drugs.

I always said as long as crypto can be used to buy drugs, it will have value.

When everything we know in the world is gone and we're using rocks to make spears again, people will still want drugs, the value is eternal.

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  • [–] 4 points 6 months ago (4 children)

    I mean it’s also really really good at money laundering and other financial securities scams that are otherwise illegal in real currency. IDK why OP is being so dismissive of that.

    As long as the gov refuses to regulate it, it’s going to be useful for crimes. On the off chance we ever get a government willing to actually do anything but war crimes and graft, regulating it would destroy a lot of its utility and value.

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  • [–] 1 point 6 months ago (3 children)

    I think it's an exaggeration of its crime utility. Normal money is king for crime.

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  • [–] 0 points 6 months ago (2 children)

    Normal money can get you a visit from the SEC when you do securities fraud with it. Has that ever happened with a crypto pump and dump?

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