Experience the Dark Side of Crypto

For anyone who believes in the future of crypt-currencies I would recommend subscribing to Chain Letter from MIT. https://www.technologyreview.com/newsletters/chain-letter/. Reading it you will find no support for your views. The newsletter takes an anti-crypto stance at every opportunity. This is good. It is important to stay in touch with what the established system still thinks about crypto-currencies.

If you live in the crypto-space it can seem as if everyone believes in Bitcoin, the blockchain and the future of crypto. Chain Letter is a valuable reality check. In the current issue I particularly like:

- Eric Budish, from the University of Chicago outlines the “intrinsic economic limits” of how important Bitcoin can become.

- A new ruling by India’s top court has upheld an effective ban on the nation’s cryptocurrency industry.

- The head of the Bank of International Settlements, the central bank for central banks, has a message for young crypto enthusiasts: “Stop trying to create money!”

Is it possible to read this and not be bullish about Bitcoin?