Cryptocurrency Is Garbage. So Is Blockchain.

18 Pages Posted: 9 Jul 2020

See all articles by David Golumbia

David Golumbia

Virginia Commonwealth University (VCU) - Department of English

Date Written: June 16, 2020

Abstract

The entire space cryptocurrency/blockchain space is dominated by false claims, conspiracy theories, muddled thinking, and outright fraud of many kinds. It is remarkable how much academic, journalistic and popular writing on blockchain accepts at face value dogma that any dispassionate investigation shows to be false, This paper consists mainly of two lists: falsehoods that nobody who is interested in the world as it really is should ever repeat, at least not without heavy qualification; the second a list of truths and rules of thumb about cryptocurrency and blockchain that have been demonstrated repeatedly (often for many years) but escape notice far too often. Each item in the list is accompanied with some, but only a small subset, of the evidence available to support it.

Keywords: cryptocurency, blockchain, bitcoin, fraud, money

Suggested Citation

Golumbia, David, Cryptocurrency Is Garbage. So Is Blockchain. (June 16, 2020). Available at SSRN: https://ssrn.com/abstract=3628519 or http://dx.doi.org/10.2139/ssrn.3628519

David Golumbia (Contact Author)

Virginia Commonwealth University (VCU) - Department of English ( email )

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