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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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Well, the irony is hard to miss, right? Crypto was born out of this grand idea of decentralization, but then everyone just rushed over to these centralized exchanges. Kinda sounds like a death knell to me. Seems like the original spirit of crypto got lost in the rush for profits.
I do think the tech and the concept will keep evolving, and eventually, it'll morph into something new, get a new name or something. Here's hoping that when it does, people will get that it's better to trust the collective 'us' instead of just a select few. After all, these are often the same folks messing things up. But, what can you do, huh?
This almost sounds like what could happen to the Fediverse. It's decentralized just like crypto, but the majority of people won't know or care about how the Fediverse works, they will just want to communicate online.
I mean, most Lemmings (lol) hang out in Beehaw anyway, so centralised fediverse is already here
Now say it again but replace crytpocurrecy with Website aggregation. Its honestly not that different from leaving the big centralized reddit for the Fediverse... only to mostly end up in a few relatively huge alternatives in the name of decentralizing. Its just... human nature.