Cryptocurrency : the Medium IS the Scam
In a piece titled “Cryptocurrency: Don’t Blame the Medium for the Scam,” libertarian Counterpunch contributor Thomas Knapp wholly misunderstands the nature of money and cryptocurrency.
In a piece titled “Cryptocurrency: Don’t Blame the Medium for the Scam,” libertarian Counterpunch contributor Thomas Knapp wholly misunderstands the nature of money and cryptocurrency.
Grey briefly discusses the history and nature of various money schemes, from tally sticks and various tokens up through phone minutes and cryptocurrencies.
For Bitcoin – very little. For El Salvador’s Economy – possible ruin. For global economics – very little.
A transformation of enormous global significance has just begun, and the world will never be the same – digital currencies. The digital yuan is here for good, and more will follow.