The days where people could freely mine and use cryptocurrencies in India may be over. According to reports, a committee has advised the Indian government to ban the use of cryptocurrencies inside their territory. Without a doubt, dark days lie ahead for Indian enthusiasts.
I can vividly remember learning about Bitcoin for the first time. It had become just popular enough to reach my bubble of the Internet. Like many others, it was first presented to me with the typical gloom and austere that a plague primed to unleash a hoard of criminal boogeymen across the globe should carry. Also similar to the experience of many others, I felt a “click” with each idea I read, and each dismissive criticism I heard rebutted. This was not a byproduct of the short-life high-noise startup scene that had been running rampant, I thought, this was different.
Facebook is currently creating its own cryptocurrency, Libra. But before deciding whether to use it, we should first look at the big picture and think carefully why the Silicon Valley monopoly wants a piece of the cryptocurrency market. Are there good intentions? Or does Mark Zuckerberg only want to increase his profits while furthering his control over us? Those are important questions to ask before deciding if you should trust Big Tech with your hard-earned money. Ultimately, Libra doesn’t make the cut and doesn’t deserve our trust.
Though very much a peripheral candidate, Andrew Yang has garnered a great deal of attention of late. He recently qualified for the first presidential debate and is famous for his Universal Basic Income proposal. Though his website hosts an impressive swath of policies, many simply know him as the UBI guy. His concerns about automation in the near future come really close to setting him apart from the pack. But his solution? Absolutely gutting the crypto industry, setting back what the world needs most in an increasingly global society. That’s right: he’s after your Bitcoin.
After a cryptic tweet was put out on John McAfee’s twitter account by a member of his staff, crypto fans and followers of McAfee alike were puzzled by its meaning. The tweet revealed that the founder and former CEO of McAfee Associates would need to “go dark” for some time and that his Twitter account would be operated by his staff in the interim.