Vitalik Buterin, co-founder of the Ethereum blockchain, says the digital-asset universe may actually benefit from the current retreat in coin prices that’s cast a chill on investors and is being referred to as another crypto winter.
Technical mastery has long been part of religious or spiritual awe, as well as a means to create or strengthen power relations... Bitcoin and all the aura surrounding its creation had this same characteristic.
In the frenzy to attract venture capital funding and draw new users and investors into blockchain technologies, 'how will this technology be used to harass and abuse people?' is going unasked. While blockchain proponents speak about a 'future of the web' based around public ledgers, anonymity, and immutability, those of us who have been harassed online look on in horror as obvious vectors for harassment and abuse are overlooked, if not outright touted as features.
Yanis Varoufakis on Crypto & the Left, and Techno-Feudalism
"Within our present oligarchic, exploitative, irrational, and inhuman world system, the rise of crypto applications will only make our society more oligarchic, more exploitative, more irrational, and more inhuman."
Web3 is self-referential in the extreme. The value of the tokens is expected to grow as everything is to become more liquid and interconnected: tokens from one DAO will be valuable in another; more activities will be fractionalized; more institutions will turn into DAOs; more objects into NFTs...
Adam Tooze on Macrofinance and “Fully Political Money”
"Monetary policy is not a curse to be driven out by some non-political binding mechanism, algorithmic or otherwise, but an opportunity to expand the range of our politics and collective self-organization."
News: El Salvador volcano bonds to sell for tethers, Bitcoin didn’t cause Kazakhstan riots, lawsuits on the blockchain, MobileCoin live on Signal, Craig Wright sued again
Bitfinex Securities will not charge a fee for this. They’re just being nice, see.
Despite considering myself a cryptographer, I have not found myself particularly drawn to “crypto.” I don’t think I’ve ever actually said the words “get off my lawn,” but I’m much more likely to click on Pepperidge Farm Remembers flavored memes about how “crypto” used to mean “cryptography” than ...
Knowledge of Kazakhstan in the West is extremely slim, particularly among western media, and many responses to events there have been wildly off-beam. The narrative on the right is that Putin is looking to annex Kazakhstan, or at least the majority ethnic Russian areas in the north. This is utter nonsense. The narrative on the […]
Opinion: Cryptocurrencies promise only false solutions for vulnerable communities
Developers seek out populations suffering debt crises, war and climate disasters, the more scarred from past colonial abuse the better, to experiment and incubate new crypto ideas
How Bitcoin Solved This Serial Entrepreneur's Problems
For one of her startups. Afghan entrepreneur Roya Mahboob had trouble paying her (mostly female) users, 99% of whom did not have bank accounts. Her solution? Bitcoin.