Today 101 million people use cryptocurrency around the world. Initially, it seemed to be a dream to bypass the political centralization of nation-states and central banks. In its place it seemed to promote peer-to peer networking. How true is this of cryptocurrency today? Right now, cryptocurrency seems to be controlled by right-wing libertarians who want a “real” free market. But this is hardly peer-to-peer relations. Markets are extremely volatile and there is prevalence of trading in illicit goods. Additionally, the energy costs of “mining” are significant.
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