Popping the Crypto Bubble

Description

The story of cryptocurrency is a history of the modern world reflected in technology. It is based on the different narratives that have shaped the economic and political reality of a world spinning out of control. It is also the story of a financial revolution that carries the seeds of its own destruction. Once intended as a peer-to-peer medium of payment, crypto has today morphed almost exclusively into a speculative investment asset. How can we decode crypto, learn from its mistakes, and predict what the future holds for this new currency? In Popping the Crypto Bubble, we uncover the truth about the technology behind cryptocurrency, its political ideations and the narratives that drive the biggest economic bubble in the history of mankind. Contents Introduction The History of Crypto The Cypherpunk Era The Grifter Era Historical Market Manias South Sea Bubble of 1720 Mississippi Bubble of 1720 Railway Mania of the 1840s Wildcat Banking of the 1800s The Market Crash of 1929 Albanian Pyramid Schemes of the 1990s Enron Scandal (1985 - 2007) Beanie Babies (1995 - 2000) The Dot-com Bubble (1995 - 2001) The Subprime Mortgage Crisis (2003 - 2008) Venture Capital Bubble (2010 - Present) The Crypto Bubble (2016 - Present) Economic Problems Failure as Money Failure as an Investment Technical Problems Scalability Privacy Security Compliance Valuation Problems Asset Classification The Theory of the Greater Fool Environmental Problems Wasteful Mining Environmental Horrors Cryptocurrency Culture Cryptoanarchism Technolibertarianism Austrian Economic Financial Nihilism Ethical Problems Selling Snake Oil Illicit Activity The Unbanked MMM Ponzi Scheme The Cult of Crypto The Golden Calf True Believers Casino Capitalism The Nature of Capitalism LIBOR-cube Swaps Crypto Exchanges Neo-Bucket Shops Flavors of Market Manipulation Digital Gold Fools Gold Not an Inflation Hedge Smart Contracts Smart Contracts are not Contracts Smart Contracts are not Smart Blockchainism The Pseudoscience of Trust Alchemy The Blockchain Meme Frauds & Scams Fraud Triangle Ponzi Schemes Pump and Dumps Giveaway Scams Distributed Control Frauds Web3 NFTs The Reproducibility Problem The Duplication Problem The Plagiarism Problem The Multiple Chain Problem The Link Rot Problem The Tinkerbell Effect Market Manipulation Play to Earn Games DAOs DeFi The Metaverse Stablecoins The Idea of Stablecoins Central Bank Digital Currencies Crypto Journalism Checkbook Journalism Disclosures Initial Coin Offerings Crazy Coins Celebrity Endorsements Court Cases Tokens As Illegal Securities Ransomware Crypto’s Killer App The Oncoming Storm Financial Populism 215 Occupy Wall Street WallStreetBets and Bitcoin Financial Nihilism Alienation Everything is a Ponzi Regulation Shadow Equity & Securities Fraud Industry Lobbying Efforts A Framework for Discussion Regulatory Approach Complete Ban Conclusion The book will give you a comprehensive understanding of the history of blockchain technology, underlying technicalities of cryptocurrencies like bitcoin, the fundamentals of bitcoin mining and bitcoin miner impact on the environment. This is not an investment book; it is a financial history book that will give you the perspective to prove that the crypto world is not black magic.