Things that do not work out in crypto after 14 years of its creation

xuanling11
Coinmonks
Published in
4 min readJan 4, 2023

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Photo by charlesdeluvio on Unsplash

Hey, I tried some fun approaches to my writing to ask AI and chat with it. Then I wrote my thoughts after. Hope you enjoy it!

2022 is a real test of crypto and it turns out many things that previously assumed were not working as the crypto intended to be.

Before I went into detail, I asked ChatGPT AI to see what was working and what was not. Here is the response:

What is working:

It’s difficult to say exactly what is “working” for the cryptocurrency industry as a whole, as it is a rapidly evolving and dynamic field. In general, the adoption and use of cryptocurrencies has been increasing over the past few years, with more and more businesses, individuals, and organizations using them for a variety of purposes.

Some of the factors that have contributed to the growth of the cryptocurrency industry include:

The increasing use and acceptance of cryptocurrencies as a legitimate form of payment or store of value.

The development of decentralized finance (DeFi) platforms, which allow for the creation of financial products and services on blockchain technology.

The increasing mainstream adoption of blockchain technology and its potential use cases in a variety of industries.

The development of regulatory frameworks for cryptocurrencies in various countries, which has helped to increase confidence and stability in the market.

Overall, the cryptocurrency industry is still in its early stages and it is difficult to predict exactly how it will evolve in the future. However, it has shown significant growth and potential in recent years and is likely to continue to play a significant role in the world of finance and technology.

What is not working:

There are several challenges and issues that have faced the cryptocurrency industry in recent years:

Volatility: Many cryptocurrencies have experienced significant price volatility, which can make them risky for investors and make it difficult for them to be used as a reliable store of value.

Lack of regulation: The lack of clear and consistent

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