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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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In the majority of people's eyes crypto is seen as a scam and something to avoid. The only thing crypto ever did for me was make things I actually care about more expensive.
I think it would take a lot to recover from the bad reputation it has gotten.
It was kinda shocking how negative public sentiment is. I am deep in crypto world so I am used to much more positive feedback on the stuff I am working on, because I guess I mostly hang out with crypto people
That sentiment was earned over time. The original reception of crypto wasn't bad, and large companies like Valve/Steam would accept bitcoin for a little while. All of that went away as bitcoin turned from a potential "digital money" to "just another pyramid scheme".
This is a great point.
I've recovered from my Bitcoin maxi days, so I hope things move forward in the industry (namely, the normies learning about ETH)
I think this is concentrated in the West. In Asia, the sentiment ranges from huh? to ooh that's nifty.
Dubai, Hong Kong and Singapore are quickly rolling out the red carpet for crypto businesses and coming up with actually feasible regulations around them.