Awesome: What’s Wrong with Bitcoin
I read tons of articles debunking the blockchain hype, and the stupidity of waisting CPU cycles and electricity on calculating meaningless hashes, but what Avery Pennarun did in his decade-old analysis is a masterpiece.
TL&DR: Bitcoin is a return to gold standard, and people who know more about economy than GPUs and hash functions have figured out that’s a bad idea long time ago.




