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this post was submitted on 21 Feb 2024
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Yes, unfortunately that's the state of things currently, but I won't call the prospect of using cryptocurrencies as actual currencies "dead and buried", yet. Eventually the hype will subside and people who thought they could "make money quick" will leave the game, and those who wanted a decentralized way to keep their money, aware of all the pros and cons, will stay. Hopefully that will lead to a more stable value, and maybe, just maybe they'll come back mainstream as an actual currency.
This is really more what I hope than what I see likely to happen, but one can hope ;)