Cryptocurrency
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Cryptocurrency is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.
Quotes[edit]
- Because imagine the combination of social media, the algorithms that drive social media, the amassing of even larger sums of money through the control of certain cryptocurrency chains -- we`re looking at not only states such as China or Russia or others manipulating technology of all kinds to their advantage. We`re looking at non-state actors, either in concert with states or on their own, destabilizing countries, destabilizing the dollar as the reserve currency.
- The worst thing you can do is lay the wet blanket of government over this emerging area that frankly a lot of people are going to with or without government. Maybe that's the warning sign. This is going to happen. People are going to continue to move in this direction because cryptocurrency and everything that comes with it is a response to too much government.
- Having alternative currencies is great, right, because, historically, government's had a monopoly on currency. … At the end of the day, why should only politicians—either directly or indirectly—control the currency? We can reduce transaction cost, provide an alternative, and—look, I don't know whether it'll be Bitcoin or not—but I think the concept of digital currencies is here to stay, and the fact that a politician would write to try to ban them in their infancy is just the wrong way to go about it. Let the market determine whether there's any value there or not. … If people are saying, "Look, we gotta ban Bitcoin because it's somewhat anonymous and anonymous transactions can occur," or "because it's possible for criminals to use it," all of those arguments can be used to say, "Just ban dollars." … The government doesn't need to "treat" it at all… The government policy should be completely agnostic about what unit of exchange is used.
- Jared Polis, interviewed by Kennedy, Matt Welch, and Kmele Foster on The Independents, Fox Business (10 March 2014).
- Cryptocurrencies have given rise to an entire new criminal industry, comprising unregulated offshore exchanges, paid propagandists, and an army of scammers looking to fleece retail investors. Yet, despite the overwhelming evidence of rampant fraud and abuse, financial regulators and law-enforcement agencies remain asleep at the wheel.
- Nouriel Roubini, "The Great Crypto Heist", Project Syndicate, July 16, 2019
- The crypto bros are spending tens of millions in Washington to make sure this industry is regulated as lightly as possible, ... There are no lobbyists or PACs dedicated to preventing tax evasion, sanctions evasion, and the other forms of illicit finance that cryptocurrency enables,
- planet-incinerating Ponzi grifters
- Jamie Zawinski, founder of Mozilla.org Twitter. Singh, Manish (2022-01-06). "Mozilla hits pause on crypto donations following backlash". TechCrunch. Retrieved on 2022-05-02.
