Is this the end of crypto?
When Crypto was young it was this cool new technology that mostly interesting because of the underlying tech. But even back then it was mostly valuable for buying drugs online and other illegal stuff.<p>Now it&#x27;s that and a way to scam people of their life savings. I do hope it dies out, it should have been heavily regulated from the get go. Way too many people saw these high production commercials with their favorite celebrities they trust telling them to invest in crypto and lost everything.<p>It never had a real use outside of scamming people and buying illegal shit, no matter how hard others pushed to normalize crypto it never happened. And why would it? Everyone was yelling at people to hold. Don&#x27;t spend it, it will go to the moon!<p>And sure it keeps your money away from the spooky scary government. But I prefer my government insured bank account using a government managed currency and recourse for any scams&#x2F;hacks that might happen to me.<p>But I don&#x27;t think it will ever die. Just like MLMS, pyramid schemes and other crap like that.<p>Also don&#x27;t even get me started on these centralized exchanges where you don&#x27;t even own your key and have to verify your identity (Which is how most users interacted with crypto). It&#x27;s completely counter to the point of crypto.