Tag Archives: Ponzi scheme

What the bitcoin price drop reveals about ‘crypto’

Posted on June 19, 2022 by

One of the definitive downsides of cryptocurrencies raised its head this week when the nosediving price of bitcoin – brought on by the Luna/Terra crash and subsequent cascading effects – rendered bitcoin mining less profitable. One bitcoin today costs $19,410, so it’s … Continue reading →

Posted in Analysis | Tagged Bitcoin, bitcoin price, computing power, cryptocurrency, permissioned blockchain, permissionless blockchain, Ponzi scheme | Comments Off

NFTs aren’t thriving – they’re often in the hospital

Posted on April 11, 2022 by

This is not a real anniversary but it’s worth commemorating, if only to remember the pseudo-events propping up the NFT business-culture. One month and one year ago, a cryptocurrency user named Metakovan purchased an NFT associated with a piece of … Continue reading →

Posted in Analysis, Tech | Tagged Beeple, blockchain, cryptocurrencies, Ethereum, gatekeeping, Metakovan, NFT, Ponzi scheme, Vitalik Buterin | Comments Off

‘Mantra sciences’ is just poor fantasy

Posted on January 5, 2018 by

I don’t know how the author of a piece in the Times of India managed to keep a straight face when introducing a school based on Vedic rituals that would “show the way” to curing diseases like cancer. Even the … Continue reading →

Posted in Scicomm | Tagged bitcoins, cancer, cognitive dissonance, cryptocurrencies, epic fantasy, fantasy fiction, Hogwarts, infinite predictability, magic system, not even wrong, Ponzi scheme, Rajasthan, Research Institute of Mantra Sciences, Vedas, Vedic studies | Comments Off