(From Tony Wikrent): This video is over two hours long, but one of the best summaries of the
financial and economic derangements resulting from Obama’s catastrophic
refusal to allow Great Financial Crash of 2008 to destroy its rich
instigators. There is a Chapter 0, which focuses on the GFC. Lambert
Strether [of NakedCapitalism.com] added in his introduction, “every interaction I’ve ever had
online with crypto and NFT enthusiasts fully matches what is described
here; the nature of the web3 'community' is important to understand.
Well worth a listen, as scam after scam after scam is unraveled.” So,
the best way to understand the cryptocurrency craze is as a financial
mental disorder resulting entirely from the policy failure of not
addressing the causes of the GFC. [GFC = the Global Financial Crisis, AKA the "Great Recession"]
Update: On the Inevitability of Trusted Third Parties. ("Trusted Third Parties" is exactly what cryptocurrency tries to bypass)
Excerpt: "if: problem + blockchain = problem - blockchain
then: blockchain = 0"....
“Did you know that 87% of all conversations about blockchain technology are nonconsensual?”
No comments:
Post a Comment
One of the objects if this blog is to elevate civil discourse. Please do your part by presenting arguments rather than attacks or unfounded accusations.