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add a few articles from r/anticryptocurrency

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Paul-Louis Ageneau 2022-01-21 23:33:19 +01:00
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@ -38,6 +38,10 @@ Awesome critique of crypto/web3, etc. Contributions are welcome.
* [The Web3 Fraud](https://www.usenix.org/publications/loginonline/web3-fraud) - 2021-12-16 by Nicholas Weaver on usenix.com * [The Web3 Fraud](https://www.usenix.org/publications/loginonline/web3-fraud) - 2021-12-16 by Nicholas Weaver on usenix.com
* Molly White series - https://blog.mollywhite.net/blockchain/ * Molly White series - https://blog.mollywhite.net/blockchain/
* [Blockchain-based systems are not what they say they are](https://blog.mollywhite.net/blockchains-are-not-what-they-say/) * [Blockchain-based systems are not what they say they are](https://blog.mollywhite.net/blockchains-are-not-what-they-say/)
* [It's not still the early days](https://blog.mollywhite.net/its-not-still-the-early-days/)
* [Against Web3 and Faux-Decentralization](https://soatok.blog/2021/10/19/against-web3-and-faux-decentralization/) - 2021-10-19 by Soatok
* [The Case Against Crypto](https://www.watershed.co.uk/studio/news/2021/12/03/case-against-crypto) - 2021-12-03 by Martin O'Leary
* [The Register: The dark equation of harm versus good means blockchain’s had its day](https://www.theregister.com/2021/12/06/the_dark_equation_of_harm/) - 2021-12-06
### Economists ### ### Economists ###
@ -51,12 +55,13 @@ Awesome critique of crypto/web3, etc. Contributions are welcome.
### Ponzi aspect ### Ponzi aspect
* [Financial Times: Why bitcoin is worse than a Madoff-style Ponzi scheme](https://web.archive.org/web/20220113183816/https://www.reddit.com/r/CryptoReality/comments/rm78e3/financial_times_why_bitcoin_is_worse_than_a/) - 2021-12-22. A Ponzi scheme is a zero-sum enterprise. But bitcoin is a negative-sum phenomenon that you can’t even pursue a claim against, argues Robert McCauley. [Original](https://ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0) * [Financial Times: Why bitcoin is worse than a Madoff-style Ponzi scheme](https://web.archive.org/web/20220113183816/https://www.reddit.com/r/CryptoReality/comments/rm78e3/financial_times_why_bitcoin_is_worse_than_a/) - 2021-12-22. A Ponzi scheme is a zero-sum enterprise. But bitcoin is a negative-sum phenomenon that you can’t even pursue a claim against, argues Robert McCauley. [Original](https://ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0)
* https://seattletimes.com/opinion/bitcoin-is-basically-a-ponzi-scheme/ * [Seattle Times: Bitcoin is basically a Ponzi scheme](https://seattletimes.com/opinion/bitcoin-is-basically-a-ponzi-scheme/) - 2018-01-30
* https://ic.unicamp.br/~stolfi/bitcoin/2020-12-31-bitcoin-ponzi.html * [Bitcoin is a Ponzi](https://ic.unicamp.br/~stolfi/bitcoin/2020-12-31-bitcoin-ponzi.html) - 2020-12-13 by Prof Jorge Stolfi
* [Financial Times: Albanian lessons for regulators nervously eyeing the crypto world](https://www.ft.com/content/810367e5-e0b1-4221-b303-f3012a177437) - 2021-07-05 - Albania’s 1990s pyramid scheme debacle highlights risks of regulatory paralysis on the cryptocurrency explosion * [Financial Times: Albanian lessons for regulators nervously eyeing the crypto world](https://www.ft.com/content/810367e5-e0b1-4221-b303-f3012a177437) - 2021-07-05 - Albania’s 1990s pyramid scheme debacle highlights risks of regulatory paralysis on the cryptocurrency explosion
> Once upon a time in Albania, a scrappy, alternative finance industry emerged to take on and eventually supplant a sclerotic, technologically-backward banking system. The lessons from its dramatic collapse remain relevant today.  > Once upon a time in Albania, a scrappy, alternative finance industry emerged to take on and eventually supplant a sclerotic, technologically-backward banking system. The lessons from its dramatic collapse remain relevant today. 
> >
> Essentially, what was initially touted as a post-communist entrepreneurial success story proved to be pyramid schemes of breathtaking proportions. Slick marketing and lofty promises turned an informal, decentralised, crime-facilitating ecosystem into a mainstream mania that sucked in multitudes of people, unchecked by feeble and fitful regulatory warnings. > Essentially, what was initially touted as a post-communist entrepreneurial success story proved to be pyramid schemes of breathtaking proportions. Slick marketing and lofty promises turned an informal, decentralised, crime-facilitating ecosystem into a mainstream mania that sucked in multitudes of people, unchecked by feeble and fitful regulatory warnings.
* [Jacobin: Cryptocurrency Is a Giant Ponzi Scheme](https://jacobinmag.com/2022/01/cryptocurrency-scam-blockchain-bitcoin-economy-decentralization) - 2022-01-21
### Crypto and energy consumption ### Crypto and energy consumption
@ -66,7 +71,7 @@ Awesome critique of crypto/web3, etc. Contributions are welcome.
### Scams/frauds ### Scams/frauds
* [People Building ‘Blockchain City’ in Wyoming Scammed by Hackers - Vice](https://www.vice.com/en/article/k7w3am/people-building-blockchain-city-in-wyoming-scammed-by-hackers) - - 2022-01-12 - On Monday, CityDAO—the group that bought 40 acres of Wyoming in hopes of "building a city on the Ethereum blockchain”—announced that its Discord server was hacked and members' funds were successfully stolen as a result. * [People Building ‘Blockchain City’ in Wyoming Scammed by Hackers - Vice](https://www.vice.com/en/article/k7w3am/people-building-blockchain-city-in-wyoming-scammed-by-hackers) - 2022-01-12 - On Monday, CityDAO—the group that bought 40 acres of Wyoming in hopes of "building a city on the Ethereum blockchain”—announced that its Discord server was hacked and members' funds were successfully stolen as a result.
* [Web3 is going just great](https://web3isgoinggreat.com/) - A timeline of scams related to cryptocurrencies, NFTs, and web3 projects since the beginning of 2021 by Molly White * [Web3 is going just great](https://web3isgoinggreat.com/) - A timeline of scams related to cryptocurrencies, NFTs, and web3 projects since the beginning of 2021 by Molly White
### DAOs ### DAOs
@ -90,6 +95,8 @@ Non-fungible tokens.
### Specific use cases ### Specific use cases
* Event ticketing: [NFT tickets — a realistic look at a big trend](https://medium.com/@ticketpark/nft-tickets-a-realistic-look-at-a-big-trend-ae813d6f885d) – 2021-12-14 * Event ticketing: [NFT tickets — a realistic look at a big trend](https://medium.com/@ticketpark/nft-tickets-a-realistic-look-at-a-big-trend-ae813d6f885d) – 2021-12-14
* NFT games: [“Play-to-earn” and Bullshit Jobs](https://paulbutler.org/2021/play-to-earn-and-bullshit-jobs/) - December 28, 2021 by Paul Butler - An interesting reflexion linking web3's "Play-to-earn" concept to David Graeber's [Bullshit Jobs](https://en.wikipedia.org/wiki/Bullshit_Jobs)
* NFT games: [Crypto Games: Report from hell](https://www.youtube.com/watch?v=YHz0xpU5Tu8) - Good video reviewing and discussing crypto games
### Humour ### Humour