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Is Crypto Finally Dead? (beehaw.org)

submitted 2 years ago by peanuts4life@beehaw.org 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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[–] fades@beehaw.org 1 points 2 years ago (1 children)

Would you also consider GameStop’s NFT marketplace for games part of a pyramid scheme?

Or maybe what F1 is doing to evolve how they handling ticketing? Here’s a recent follow up on F1’s NFT ideas I came across recently.

It’s… just not all a pyramid scheme. To say it’s all a pyramid scheme is missing the forest for the trees. It’s n o t