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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.

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225

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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[–] TenNinetythree@vlemmy.net 2 points 2 years ago

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

[–] bbbhltz@beehaw.org 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.

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[–] Deletecat@lemmy.fmhy.ml 2 points 2 years ago (1 children)

Most people are shifting towards the AI trend instead. Read a post which somewhat describes it well, people integrate the new trends into their projects to get more investor money. Nothing looks better to investors other than 'We have AI Blockchain nano technology behind our service'.

Last year, 'we have blockchain' earned lots of money. Now it's 'we have AI'. In both cases, the technology probably isn't needed, it is there just to be there.

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[–] CanadaPlus@lemmy.sdf.org 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?

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