https://medium.com/helloitsmagic/why-most-blockchain-projects-are-bullshit-2e3918439270
And How to Spot the Ones That Aren’t
This is a good overview to blockchains and mountains of bullshit talk circulating around it:
“The key to separating uses with promise from bullshit projects is asking what can onlybe done with the specific features blockchains provide, and whether those things are worth doing or having. In almost all useful cases, blockchains don’t solve technological problems, they solve people problems.“
261 Comments
Tomi Engdahl says:
Cord Cutters
Bitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipment
Disastrous.
https://futurism.com/future-society/bitcoin-crashing-miners-unplugging-equipment
Bitcoin is crashing hard, reaching historic lows of well below the $70,000 mark. At the time of writing, the token is hovering just above $63,000, levels we haven’t seen since October 2024.
The ongoing plunge has made it far less economical to mine the digital token, a notoriously compute- and energy-intensive process — to the point that large-scale computing companies are starting to unplug their equipment, as Bloomberg reports.
Tomi Engdahl says:
false idol
Crypto Guys Who Bought a Huge Gold Trump Statue Now Have a Problem
“That statue will not leave my foundry until everything they owe me is paid.”
https://futurism.com/future-society/trump-crypto-gold-statue
Tomi Engdahl says:
The great crypto-crash has just begun – and it’s only going to get worse
Trump promised to make America the crypto capital of the world. But as tech bros pile their money into AI instead, the value of Bitcoin is plummeting, writes Chris Blackhurst
https://www.independent.co.uk/voices/crypto-bitcoin-donald-trump-b2915539.html
Tomi Engdahl says:
Bitcoin is in ‘full capitulation mode’ as the token tumbles below $64,000
https://www.businessinsider.com/why-bitcoin-is-falling-price-prediction-btc-outlook-technical-analysis-2026-2
Tomi Engdahl says:
Crypto Bros in Meltdown as Bitcoin Crashes
“Amazing tech.”
https://futurism.com/future-society/crypto-bitcoin-crash-2026
Tomi Engdahl says:
Crypto Bros Nauseated After Realizing Bitcoin Itself Was Funded by Jeffrey Epstein
“We’ve basically funded an elite global pedophile ring since 2015. I feel sick.”
https://futurism.com/future-society/cryptocurrency-jeffrey-epstein-bitcoin
Tomi Engdahl says:
I don’t look at this as “bitcoin is tanking the economy “ what I see is “ the economy is tanking and bitcoin goes with it”
Tomi Engdahl says:
Burry the Lede
If Bitcoin Keeps Tanking, It Could Cause a “Death Spiral” for the Entire Economy
“Sickening scenarios have now come within reach.”
https://futurism.com/future-society/bitcoin-tanking-death-spiral?fbclid=IwdGRjcAP2aA1jbGNrA_Zn6WV4dG4DYWVtAjExAHNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABHgvm61Unh7WEFW59tpH1IU6NLAXf_4u_9bFUTEZew5PptqdFB6WUXqHYW6jl_aem_GjUVB2y5jser9x2QPz3H9g
Tomi Engdahl says:
No Recovery
Sickos Cackle With Glee as Bitcoin Starts to Fall Again
“I’m going to enjoy watching Bitcoin
https://futurism.com/future-society/bitcoin-starts-fall-again?fbclid=IwdGRjcAP65e1jbGNrA_rlpmV4dG4DYWVtAjExAHNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABHpJFf98u4zT3QX8rOfIP-8WHSplnzF47g-fujlWJgGW7zFnfES4Q_E9ikdjT_aem_E_SRaL7gnxmKUEHlhabJgw
Mainstream cryptocurrency Bitcoin plummeted earlier this month, crashing down to a sliver over $60,000 — which is well under half of its all-time high value it reached just over four months ago.
It was a bloodbath that was followed by a short moment of reprieve over the weekend, when it rebounded above the $70,000 mark once more.
But don’t call it a comeback. As CNBC reports, the bounce has faded once again, with Bitcoin slipping back down to $66,000 by midday on Wednesday, down 47 percent over its October record high.
Critics watched in glee as the cryptocurrency kept tumbling.
“I’m going to enjoy watching Bitcoin crash,” former White House staffer Claude Taylor tweeted.
Tomi Engdahl says:
Crypto Trafficking
Crypto Has Finally Found Its Killer App: Human Trafficking
Extremely grim.
https://futurism.com/future-society/crypto-human-trafficking-surge?fbclid=IwdGRjcAP8e9djbGNrA_x7a2V4dG4DYWVtAjExAHNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABHhvwaM7dtqBHlYLHSSM4ffaqtzCs6SOw4XE1tiaVNDqJguHLur_515aGTB5W_aem_03dM0aFkBnoFzRGNlpsYug
Cryptocurrencies have long been lauded for being a borderless, decentralized way to transfer cash — and while they’ve emerged as a major speculative asset, fans have often struggled to point to a real-world use case for them.
But thanks to a broad lack of regulation and the ability to carry out transactions via anonymous accounts, crypto have become incredibly popular for a distinctly grim use: funding human trafficking operations, from trapping laborers in compounds and forcing them to work, to prostitution rings.
According to a new report by blockchain intelligence company Chainalysis, crypto flows to suspected human trafficking services grew a shocking 85 percent last year, an alarming trend that underlines how the digital tokens are facilitating an enormous and growing amount of illegal activity.
In other words, crypto may have finally found its killer app.
“The emergence of borderless, low-fee payments has created the opportunity for human trafficking to scale faster.”
Chainalysis found that the total transaction volume of suspect crypto accounts reached hundreds of millions of dollars.
“The dollar amounts significantly understate the human toll of these crimes, where the true cost is measured in lives impacted rather than money transferred,” the company noted.
Human trafficking operations make use of stablecoins like Tether, digital tokens that are often tied to a fiat currency, while the use of Bitcoin has waned, suggesting “these entities prioritize payment stability and ease of conversion over the risks that these assets might be frozen by centralized issuers,” according to Chainalysis. CSAM vendors are using a “privacy coin” called Monero to make transactions harder to trace.
“Unlike cash transactions, cryptocurrency’s inherent transparency creates unprecedented opportunities for law enforcement and compliance teams to detect, track, and disrupt trafficking operations,” the company wrote.
Tomi Engdahl says:
https://futurism.com/future-society/trump-crypto-gold-statue?fbclid=IwdGRjcAP9BRBjbGNrA_0EzmV4dG4DYWVtAjExAHNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABHq15We-sSPyaxALlE5Z3oszrOMS3jRmxJ1qF0NPo0RdUy1d30qba9PT9MfeP_aem_uA1zSkQtaLK3etNVVTEIMw