Tag: bitcoin

The “crypto revolt” and working class youth

18 April, 2022 · Critique of ideology

Bitcoin Conference in Miami. A landmark event for the "crypto revolt".
Bitcoin Conference in Miami. A landmark event for the "crypto revolt".

Hundreds of thousands of young people from working families live the fantasy of a “crypto revolt”. They hope that the autonomy and personal development denied to them on the labor market will be brought to them by a speculative game.

Cryptocurrencies: the secrets of capitalism’s black money

4 February, 2022 · Critique of ideology

Cryptocurrencies
Cryptocurrencies

The veil has long since fallen on cryptocurrencies: the essential thing about them is the fact that they are not money but speculative financial assets. To understand their success within the thousand speculative investment possibilities offered by today’s financial markets, we need to understand briefly what the technology on which they are based is like and what things it allows beyond the usual possibilities in “normal” speculative assets.