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.
I think a lot of people just have difficulty decoupling a few separate but connected ideas like crypto being internet money, from the blockchain as a ledger, and transaction records as a means of proof.
What people really need is a ledger for cash itself, where notes can be scanned and then structured into a transaction and popped into the blockchain where said transaction ID gets verified and printed out like an EFTPOS note.
If that sounds like we’re going full circle it’s probably because everything becomes harder but not always necessarily better with the more you DIY.