FTX Contagion
Charting the FTX collapse.
The latest blog posts to take off on Hacker News. 488 posts.
Charting the FTX collapse.
Not really. As a counter example, gold is clear and very old ponzi. It's ok. And as a more general argument, crypto does have utility. For circumventing capital controls, buying drugs or laundering money. So there will be constant supply of new depositors who needs that and willing to pay. I would not bet on crypto…
This week saw the cancellation of the Australian Stock Exchange’s long-running effort to build a blockchain-based trading system. Which, oddly, has me thinking of 2016, when AWS decided not to make a strategic investment in blockchain, with my input a contributing factor. It felt like a good story while it was…
And if you are, then why don't you convert to web3?
Milky Eggs
Shorter title: SBF, FTX, WTF?
'Is web3 bullshit?'. A talk by Molly White on the Crypto stage at Web Summit in Lisbon on November 4, 2022.
The hedge fund's finances appear to rest on the same scheme that destroyed Celsius Network. Will it work out any differently for Sam Bankman-Fried?
Contrary to his original intentions, cryptocurrencies and DeFi platforms are now more vulnerable to privacy breaches and hacking than…
I'll say it - web 3.0 is a meaningless buzzword, and blockchain and cryptocurrency is nothing more than a giant fraud.
Discover the hidden story of the first genesis block of Bitcoin
Before we begin, I’m not just some crypto FUDster.
In about a month, an important moment will happen in the world of crypto/web3. The Ethereum blockchain will move from a proof of work consensus mechanism to a proof of stake consensus mechanism. This event is known as “The Merge” in Ethereum land. There are many reasons why this is an important moment for the […]
Criteria for judging when a blockchain is applicable
HN Discussion
A major reason that cryptocurrencies have become such a problem is that mainstream journalists normally just regurgitate the hype they are f...
Are we there yet?
I looked at 34 projects listed by the top Google result for “real-world blockchain projects”. 33 of these are either dead, pivoted away from Blockchain, use Blockchain in a (sometimes dangerously) bad way, or are have no real-world utility.
Explaining Ethereum's consensus mechanism after The Merge
Earlier this month, I and others wrote a letter to Congress, basically saying that cryptocurrencies are an complete and total disaster, and urging them to regulate the space. Nothing in that letter is out of the ordinary, and is in line with what I wrote about blockchain in 2019. In response, Matthew Green has…
Before It Devours The World, Part I