Bitcoin Mining and Icelandic Bananas
In a throwaway line of green marketing for her country, Iceland’s Prime Minister Katrín Jakobsdóttir told the Financial Times in late March that her island in the
In a throwaway line of green marketing for her country, Iceland’s Prime Minister Katrín Jakobsdóttir told the Financial Times in late March that her island in the
From the late-1980s until the early 2000s, the Cypherpunks – a group of cryptographers, mathematicians, computer scientists and activists – worked to build what they
When the Adderall-addled Sam Bankman-Fried (SBF) lost control of his crypto-trading platform after defrauding users, many had their priors confirmed. Crypto bad! they cried. This, of
The White House appears to be clearing the runway for a central bank digital currency (CBDC). In March, President Biden signed Executive Order 1406, which
Financial elites regularly disparage Bitcoin. Mainstream Western journalists focus on first-world concerns, such as Bitcoin’s impact on financial markets, the energy costs of mining, and
Cryptocurrencies operate differently than the money that we are used to. Because they are solely electronic, there is no physical currency to trade. Instead, each
Building a bridge is costly: It takes labor and machinery and raw materials that have alternative uses. Does it follow that building it is a
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