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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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[-] mp3@lemmy.ca 1 points 5 months ago

PoW is indeed an interesting solution to protect against DDoS in some situation, like how Tor Onion Services does it.

Not all applications of PoW are bad.

this post was submitted on 19 Jun 2023

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