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submitted 1 year 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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[-] Schooner@lemmy.ml 1 points 1 year ago

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.

this post was submitted on 19 Jun 2023

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