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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

296 comments fedilink hide all child comments

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 5) 50 comments

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[–] Aetherion@feddit.de 1 points 2 years ago

considering the comments, it’s right now the best time to buy some eth

[–] nerdyguy1990@kbin.social 1 points 2 years ago (1 children)

I was naive enough to get into the crypto games, because I was hoping to earn some crypto for myself. I wasn't having much luck, and I started to tell myself that crypto was a scam. I enjoyed seeing the web3 browsers emerge, like Brave, Osiris, etc, as they offered a new infrastructure to the internet. Something decentralized, which was cool. I'm also disappointed that we now have AI browsers, which is scary and not a good direction to go in.

[–] trent@kbin.social 1 points 2 years ago* (last edited 2 years ago)

I'm also disappointed that we now have AI browsers, which is scary and not a good direction to go in.

Out of pure curiosity, why do you say this? In context of something like ChatGPT, it makes sense, but what do you think about stuff like local LLMs as assistants and embedded in browser infra?

[–] drwho@beehaw.org 1 points 2 years ago

Bitcoin's in the low $29kus region lately (up from $26kus), so it looks like it's going to keep going. Also, big real money investors are now pretty long on cryptocurrency, so there is a vested interest in keeping it around.

Plus, you know, folks buying stuff on the black and grey markets with it. Wish I didn't have to mention drugs, but it's the easiest way to keep getting insulin for folks these days in addition to the usual recreational compounds.

[–] ppb1701@kbin.social 1 points 2 years ago

It's not dead, but the SEC sure has been really helping the consumers basically tanking the market about everytime they help....

[–] SouthEndSunset@lemm.ee 1 points 2 years ago

No, the market is down. stocks are down.

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