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Is Crypto Finally Dead?
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this post was submitted on 19 Jun 2023
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Technology
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I am just really happy that storage-based crypto died. It made getting hard drives, and used-servers with drive-bays pretty expensive....
Although, https://cryptoslate.com/cryptos/storage/ I guess many more rose to take its place. :-/
I think the real problem with crypto, everyone and their mother has decided to make another stupid cryptos.... and most of them, are completely stupid. The only person profiting, is the person who created it and minted themselves a bunch of coins to hold onto until the value went up.
Don't get me wrong, I think crypto has its place. But, buying pizza at pizza hut isn't it.
If you can't buy pizza at pizza hut with it, it's pretty useless as a currency. Which doesn't surprise me, as it doesn't solve any problems with electronic transactions better than traditional existing tools except if you're undertaking illegal purchases.
Even for doing "Illegal" questionable things, unless you use a crypto specifically meant for being anon/secure- its still trackable.
With bitcoin, for example- everything is on a public ledger. ANYONE can track a specific wallet ID. If somebody, says, buys pizza or gas with it at a public location that has a camera- The feds can track that one back.
you do mind explaining where crypto might have its place?