[JumpCrisscross]

> cryptocurrency is dead, right?

No, not quite. Total new investment into the space is falling. But it’s nowhere close to zero.

It will probably never totally die. Instead, like baseball cards or beanie babies, it will atrophy into obscurity.

There are enough people who have sunk enough into the project—financially, reputationally—that, barring a depression, it will continue to have backers for at least another few decades. As long as Tether doesn’t overplay its hand, prices should keep the illusion going. It’s a cautionary tale regarding the staying power of purposeless institutions.

[intotheabyss]

You're implying that there are zero use cases for public cryptocurrencies other than as collectibles. This couldn't be further from the truth. There's a thriving decentralized finance ecosystem on Ethereum with more than 10B in value locked away. DeFi is an application that's only made possible because of the existence of an open public smart contract protocol. You're being very disingenuous.