this post was submitted on 19 Jun 2023
226 points (100.0% liked)

Technology

39174 readers
22 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 3 years ago
MODERATORS
 

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.

(page 4) 50 comments
sorted by: hot top controversial new old
[–] [email protected] 3 points 2 years ago (1 children)

Hopefully. The only thing it was ever useful for was buying illegal drugs via Silk Road.

load more comments (1 replies)
[–] [email protected] 2 points 2 years ago

I don't think it's dead, just dormant right now. It kicked up a looot of buzz and got a lot of attention, especially from bad actors and govs. I can see it getting big, again, I just don't know when.

[–] [email protected] 2 points 2 years ago (2 children)

I hope the hype is dead. What are people buying drugs on the deep net with these days?

load more comments (2 replies)
[–] [email protected] 2 points 2 years ago (1 children)

My partner just got a DM on Instagram about... cryptomoney! Funny thing is, if you search the company, the entire first page is about scandals and negative things. And it is on some MLM list too.

So, the grifters are still out grifting.

load more comments (1 replies)
[–] [email protected] 2 points 2 years ago

As long as Kim needs goods, crypto will exist...

load more comments
view more: ‹ prev next ›