Sasha Constanza-Chock about crypto currencies and NFTs
I’m not at all ‘anti-crypto.’ I’m a big fan of cryptography. I am, however, anti- tax evasion, money laundering, ponzi schemes, multi-level marketing, and needless waste of energy.
I’m also anti- silver bulletism, anti-technosolutionism, and anti-convincing everyday people to invest their scarce capital in unregulated sectors where it’s very easy for them to lose everything with no recourse.
Additionally, I’m anti- focusing tons of energy on convincing everyday people that salvation lies in speculation.
Finally: WHAT IF the same amount of time and energy put into convincing everyday people to invest in cryptocurrencies, NFTs, and DAOs went into convincing everyone to move their money to credit unions, invest in local businesses & land trusts, & directly support artists?