The Unbearable Uselessness of Crypto
- Jan 31, 2023
- 1 min read
Following the collapse of FTX, in his latest opinion piece for Project Syndicate, Professor Andrés Velasco, Dean of the School of Public Policy at the London School of Economics and Political Science, looks at the reality of the crypto industry.
He writes: "What is truly unforgivable is that in the 14 years since Bitcoin appeared, the crypto industry has failed to produce anything of value. What factories have been built with crypto? Which new goods and services are available? What government has raised money through crypto? Certainly not El Salvador, which adopted Bitcoin as legal tender and is now on the verge of debt default."
Read the full article here.
Article was originally published on Project Syndicate.
The article raises some thought-provoking points about the broader debate around cryptocurrency and its real-world utility, particularly in light of events like the collapse of major exchanges that have shaped public perception of the industry. Discussions like this are valuable because they encourage readers to look beyond hype and examine both the promises and challenges associated with digital assets.
At the same time, the crypto ecosystem continues to evolve, with ongoing conversations about regulation, technology, and long-term use cases. For many people entering the space, questions about the best crypto to invest in often go hand in hand with a deeper effort to understand the technology, market dynamics, and the broader financial landscape surrounding blockchain innovations.
There’s a calm simplicity to the Eagles Midnight Green Fleece Shrug Cami that stands out. It avoids unnecessary details and focuses on comfort, which makes it feel approachable and easy to style with different outfits.
This is a thought-provoking post, and I appreciate you tackling such a controversial topic head-on. It's important to have balanced critiques that look past the hype and truly assess the utility of new technologies. While I agree that many crypto projects lack real-world application, the underlying blockchain technology itself has practical uses in different industries.
Speaking of practical applications and making decisions about where to invest resources, I’ve found that focusing on tangibles is often the best route. Protecting valuable physical assets, like those on a worksite, is an immediate and necessary investment that provides clear, undeniable value. It's a far more certain way to secure your financial future than speculating on volatile digital assets.
For those looking for a tangible…
Upgrading to Microsoft Dynamics GP: Why It Matters
Staying current with Microsoft Dynamics GP isn’t just about having the latest features—it’s about ensuring your business runs securely, efficiently, and with minimal disruption. An upgrade helps safeguard your system with the latest security patches, improves performance, and gives your team access to enhanced functionality that supports smarter decision-making. In this we’ll explore why upgrading your GP environment is essential, what risks you face by delaying, and how keeping your system up to date positions your business for future growth and innovation.
5 Key Reasons to Upgrade Your Dynamics GP
1. Stay Compliant and Fix Bugs
2. Access New Features and Enhancements
3. Better Integration with ISV Products
4. Continued Support and…
I liked how this post was written—nothing forced, just honest communication. Recently, while doing some casual browsing, I came across a And Just Like That S03 Carrie Bradshaw Swirl Print Shirt Dress. It felt refreshingly simple and well-made. If anyone enjoys coming across those rare quality picks, this one might be worth a look.