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.

  • Schooner@lemmy.mlEnglish
    0·
    1 year ago

    Umm social media has literally led to genocide in Myanmar leading to a flood of refugees in my country…

    Decentralised social media would be even worse because people can set up their own instance and spew hate with no moderation.

    How many genocides has crypto caused?

    People fled the war in Ukraine with their crypto intact because it’s borderless and empowers the public. Can’t say the same for the banksters you’re batting for.

    • catboss@feddit.deEnglish
      1·
      1 year ago

      Facebook infamously played a role in the genocide of the Rohingya. Please elaborate what the systematic persecution and murder of a group of people has to do with cryptos and this whole topic about their decline?

      • Schooner@lemmy.mlEnglish
        1·
        1 year ago

        I mean you’re the one who brought up social media, not me.

        Decentralised social media can amplify hate speech, like in Myanmar, far more than centralised social media. So, it can and will endanger people’s lives. Hell, incel forums have led to mass shootings. You think it won’t happen with a far more popular platform like Lemmy?