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Here's a bruising takedown of the whole concept of cryptocurrencies by an economist called . It goes quite a bit deeper into the economic practicalities than some of the other critiques I've read:
currentaffairs.org/2021/04/why

# blockchain

@strypey
There's a bit too much hyperbole in this one. There's some bright sparks like highlighting how #WarrenBuffet isn't a good person, but he contradicts himself by taking Buffet's advice (just one example).

A lot of arguments are 2014-ly, or not based on things bitcoiners actually say or do.

He neglects the elephant in the room, the #cantillonEffect, #speculation and the numerous flow on #abuses and -'ve effects of #TheFed papacy.

He talks up a #CBCD (aka #CentralBankDigitalCurrency) so…

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