Crypto Critics’ Club Hong Kong

Sources for Further Information Many technologists have long been critical of crypto, and they are increasingly vocal about it. Here are some good sources. (Note: Crypto Twitter is deliberately left out, as these issues are better grasped in book form or long blog posts rather than 280 characters.) Books Non-Technical Books Faux, Zeke. Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall. Crown Currency, 2023. From investigative reporter Zeke Faux (Bloomberg), a well researched and entertaining analysis of crypto and its nefarious underbelly globally, for example in El Salvador, where Bitcoin is legal tender, the Philippines, where blockchain game Axie Infinity made some rich and many poor, and Cambodia, where victims of cyber trafficking are forced to engage in pig butchering scams....

Questions Can crypto live up to its hype? This group aims to examine the claims and promises of crypto critically and carefully. Is blockchain a radical new innovation for a new, better, faster, more efficient financial system? Or is it rather a neat trick to solve a problem nobody really has, enabling cryptocurrencies that are slow and incredibly wasteful? Is highly complicated smart new tech, or is it rediscovering basic financial fallacies and pitfalls from centuries past through “learning by doing”?...