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This article was exceptionally poorly written. Instead of making a cohesive argument, the author only demonstrates his lack of knowledge of what blockchains are and what makes them useful (to him, they are "glorified spreadsheets") while smearing the people who develop and use cryptos.

And it is hardly surprising that someone with strong ties to the current centralized financial system is opposed to innovation in that realm.

https://i.redd.it/37y0w02vuxoz.png

Author incorrectly conflates Bitcoin with other coins/tokens. While 99% of coins are centralized scams as the author states, Bitcoin actually is decentralized.

"He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank."

Oh, so thats why he's so opposed to crypto.

Good catch.

Senior Economist for International Affairs in the White House's Council of Economic Advisers during the Clinton Administration.

So he put a veneer of credibility on the US government's policy of controlling other countries by indebting them with loans they cant pay back for construction projects that wont help their economies.

Porn made the Internet. Cryptocurrency Pump N Dumps made the Blockchain. Personality-hacking/collusion made AI.

Whats the next "big" thing?

Tiny phones.

Japanese design philosophy.

The Big Blockchain Lie