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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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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.