Kai RyssdalNov 23, 2022
RT @EmilyStewartM
FTX's collapse is bad bad bad for crypto. But is it the end? I asked a bunch of people what they make of the situation and whether this is the death knell of an industry that's never quite figured itself out. https://www.vox.com/the-goods/2022/11/23/23473340/crypto-ftx-sam-bankman-fried-contagion-bankruptcy-coinbase
FTX and Sam Bankman-Fried have collapsed. Will all of crypto go, too?

Crypto is the cat with nine lives, but some wonder if FTX might be the last one, especially as companies such as Coinbase, Genesis, and BlockFi face problems of their own and contagion spreads.

Vox
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@kairyssdal
The death of Charles Ponzi was not the death of pyramid schemes. Crypto will be around because there will always be scammers and marks.

Is there a single legal legitimate use case for crypto? Let alone enough to sustain an “industry” of “billions of dollars”? Meanwhile crypto mining is adding to climate change and other pollution for zero benefit to the world.

https://www.nytimes.com/2022/11/22/nyregion/crypto-mining-ban-hochul.html

New York Enacts 2-Year Ban on Some Crypto-Mining Operations

National cryptocurrency industry groups had lobbied Gov. Kathy Hochul to veto the environmental ban, fearful that other states could follow New York’s lead.

The New York Times
Nov 23, 2022 at 2:49pmWeb