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 don’t know why NFTs ever took off
Negative interest rates do funny things to capitalism.
@Silviecat44 @peanuts4life they really didn’t, no normal person bought them. It was just venture capitalist pushing it. It was the complete opposite of grass roots, which is why it crashed 97% when VCs pulled out. Very normal!
Folding Ideas did an incredibly good documentary about NFTs that goes into this: https://www.youtube.com/watch?v=YQ_xWvX1n9g