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Cryptocurrencies must die
Bitcoin had gone from around USD 4,000 to USD 64,000, a sixteen fold increase, in 20 months. Other cryptocurrencies had even more ridiculous price increases in the same time period – Ethereum had a 50 fold increase, Solana 500 times, and LUNA had a 1,000 times increase. Now, these cryptocurrencies are crashing down.
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Cryptocurrency: a new and dangerous climate disruptor
The get-rich-quick scheme, banned in China and elsewhere, is invading U.S. communities unchecked, posing as an “equalizing, democratizing” currency. It’s not.
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After inner Mongolia Bitcoin ban, Sichuan mulls mining shutdown
Will the province, rich in hydropower, change its welcoming stance toward cryptocurrencies?
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Crypto crackdown: only the beginning?
The cost and time involved in validating Bitcoin transactions makes it unusable in retail transactions. So they will always be foreign currencies, where you have to trade in and out of them into a real world currency.
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Cryptocrap
Bitcoin’s growth from just being a tech curiosity was driven by popular discontent with banks and banking systems, mainly in the U.S. after 2008.
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Should the left care about blockchain technology?
Despite its utopian promises of digital democracy, Thomas Redshaw argues socialists should be wary of embracing blockchain technology.
