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.
Every time a “decentralized” thing only has one reference implementation it tends towards a platform. If multiple software projects use it, it can tend towards a protocol
But whenever your thing kinda just… Talks to itself (like “distributed” exchanges that still die when us-east-1 does) then it’s kinda dead
Or how ssb (manyverse) or radicle are going through a period of death and the primary client isn’t really usable during the rewrite…
Vs activitypub which doesn’t stray away from a normal functioning server with a normal functioning browser UI…