Tag: cryptocurrency
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The Evils of Capitalism
This post has links to the books I’m currently reading to learn about how capitalism fails society, imperialism in the context of a globalized world, and what we can do to reduce inequality and other evils.
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Bitcoin as Fungus
My recent Twitter thread commenting on an essay describing Bitcoin as a fungus intertwined with humanity.
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Flocking Behavior
This will hopefully be my last post about the crypto bubble for a while. I feel terrible about myself for spending so much time being distracted by trying to convince people not to “invest” money that they can’t afford to lose into gambling on chance, but I also feel oddly satisfied too, as if I […]
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Why We Can’t Price Anything in Bitcoin
In this post I try to explain the “unit of account” function of money and why cryptocurrency can’t fulfill it, using El Salvador as an example.
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Bitcoin to Ethereum
I explain the harm reduction that we can get, if we’re going to live with cryptocurrencies at all, by migrating from proof-of-work to proof-of-stake, or by starting with proof-of-stake for new blockchains.
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The Case Against NFTs
A link to a lengthy essay by [tante] explaining why you shouldn’t invest in NFTs.
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Inside the #Ponziverse
In this essay, I explain why I’m calling NFTs and smart contracts the new #Ponziverse.
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The Great Bitcoin Bank Heist
This essay was originally posted to Medium on Mar. 29, 2021. I have one more prediction about Bitcoin. I recently learned about George Soros’s theory of reflexivity which explains so much about how markets often become detached from reality when pricing a new asset. At first there’s a slow buildup of hype and excitement that spurs further investment […]
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How to wind down the crypto market
Note: This is another Medium repost, originally written Mar. 10, 2021. I’ve slightly edited the formatting. I’m a solution-oriented person, so I figured out a way to take care of the collective damage to our planet that we’re causing by chasing crypto tokens for greed. I think the solution will need to be along these […]
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Cryptocurrency and NFTs are evil.
My post from Mar. 10, 2021, regarding cryptocurrencies and cults.