cryptocurrency - Faster Networks

Cyber sense – 2022 Reflections pt. 2

16 Mar, 202321 Dec, 2022 by Nat Power

Faster Networks compiled an analysis of 2022. If you haven’t read part 1, please do. Faster Networks put their best foot forward to understand cryptocurrency and the impacts it has had and, is having on the world at large. This burgeoning decentralised and dysregulated banking system isn’t just economic. Bitcoin mining is an energy intensive process creating its very own environmental issues from uncontrolled investment and emissions. What we believed would solve some of the hierarchical headaches of traditional banking just made us reach for stronger painkillers, as we watched Sam Bankman-Fried get arrested…

In/effective altruism made us feel awful

16 Mar, 20235 Dec, 2022 by Nat Power

Enter the case of MIT graduate, crypto-trader and heralded philanthropist, Sam Bankman-Fried (SBF). SBF, fairly recently, was the wealthiest person under 30, a classic media darling, gracing covers of Fortune and Forbes 400 as recently as August 2022. He had a real rapport with journalists, they say he was disarming with his swagger, casual clothing and Einstein dishevelled-ness. He was a formidable tech guru that fronted media, answered the questions and appeared impressive and relatable.

Virtually Late

16 Mar, 20234 Jul, 2022 by Nat Power

Play it smart with crytpocurrency investment, maintain some scepticism so that hype and marketing doesn’t get in the way of a good investment.

Hype(r) – Bitcoin cont…

16 Mar, 202318 Apr, 2022 by Nat Power

The downtime I took to digest the craziness of the crypto movement, led me to a podcast countering the hype surrounding Bitcoin as a global movement for change based on decentralised economics.

Digging for bitcoin

16 Mar, 20231 Apr, 2022 by Nat Power

Cryptocurrency is resurrecting the need for fossil fuels due to energy demand for “proof of work”. Stronghold Digital Mining in the US has actually purchased 2 coal burning power plants to cater for its crypto-mining business and this is inevitably the future. Make it stop!

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