Tag Archives: crypto

Age vs Crypto

1. Anything that is in the world when you’re born is normal and ordinary and is just a natural part of the way the world works.
2. Anything that’s invented between when you’re fifteen and thirty-five is new and exciting and revolutionary and you can probably get a career in it.
3. Anything invented after you’re thirty-five is against the natural order of things.”

Douglas Adams, The Salmon of Doubt

It’s commonly known that younger generations tend to be more enthusiastic adopters of new technology. It’s easy to see why – younger people are more hungry to learn, are still forming habits, and have more to gain (and less to lose) from technological revolution.

So it’s worth casting my own resistance to crypto through this lens. I have always been an enthusiastic adopter of the internet and technology, and that attitude has served me very well; I owe my livelihood to it. It would be easy for me to jump on the Web3 bandwagon and go all-in on crypto.

Or would it?

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Essential Reading on Crypto

Since penning a post on the libertarian ideology of Bitcoin, and the inherent unfairness of a deflationary currency (Bitcoin is the thin end of a far-right libertarian wedge), I’ve come across more articles on the subject that articulate the problems with crypto-currencies far better than I every could.

First up, the Folding Ideas video Line Goes Up – The Problem With NFTs, is a must-watch for anyone remotely interested in the space, or considering an investment in any form of crypto. Despite the headline being NFTs (you thought crypto-currency was bad? wait till you see this dumpster fire), it goes fairly deep into crypto-currencies and blockchains in general. At 2 hours and 18 minutes, it’s a very long video by YouTube standards, but the presentation is excellent, the research solid, and it never drags. Since it was posted 5 days ago, it has racked up 2 million views, so it’s certainly having an impact.

If two hours is too long though, I strongly recommend reading The Case Against Crypto, by software developer Stephen Diel. He nicely summarises the anti-crypto argument under 4 headings:

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