A compelling argument for why cryptocurrencies are irrelevant: http://jwmason.org/slackwire/on-cryptocurrencies/

I usually post a link and a take but in this case, I cannot boil it down to 500 characters (in part because I am too ignorant). I recommend reading this if you appreciate David Graeber and Modern Monetary Theory (even tho it is not called out by name).

#economics #finance #capitalism #latestagecapitalism #financecapitalism #cryptocurrencies