230
Is Crypto Finally Dead?
(beehaw.org)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 19 Jun 2023
230 points (100.0% liked)
Technology
37801 readers
264 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 2 years ago
MODERATORS
It mainly lost it appeal as crashes, arrests, lawsuits, and thief keep happeneding. It was shown to be scammy with scammers scamming.
And yeah the new hotness of LLMs also helped. The tech bros who use to be pushing "X but with crypto" are now looking to push "X but with AI".
Yeah this, mainstream big players in financial markets already figured out crypto is useless, so IT firms switched to selling AI to corporates instead.
yes, everyone likes to talk that USD/EUR is risky, you have inflation, you have banks closing and stock market crashing, but so far it seems crypto is much much riskier. I feel much safer having my money in bank than having it on some blockchain, accessible only if I know private key and if I loose it there is 0 change I will ever see any of my money.