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.

  • SchoonerEnglish
    1·
    1 year ago

    I definitely agree that profit chasing hucksters have damaged the space. Though I’m hopeful that with the rise of smart contract wallets, account abstraction and social recovery managing your coins yourself will become more mainstream.

    You can also see this trend in the volume generated by centralised exchanges vs decentralised exchanges, which keeps trending up. Considering that 80% of centralised exchange volume is probably wash trading, that number looks even better.