guacamole

@guac · 3 months ago

Cryptocurrency Is Bunk https://jacobinmag.com/2021/10/cryptocurrency-bitcoin-politics-treasury-central-bank-loans-monetary-policy/

Cryptocurrency Is Bunk

jacobinmag.com

author

Raven Hart, Jeremy Corbyn, Meagan Day, Kareem Abdul-Jabbar, Lynsey Hanley, Tim Barker, Dean Baker, Mike Beggs, Doug Henwood

summary

Cryptocurrency promises to liberate the monetary system from the clutches of the powerful. Instead, it mostly functions to make wealthy speculators even wealthier.