Wednesday Feb 01, 2023
Cryptocurrency 1: Bitcoin, warehouses of computers solving maths puzzles, the dot.com bubble, and FOMO
Recent news headlines have been full of discussion of the current ‘crypto winter’, a season where the value of cryptocurrencies has plummeted causing financial devastation and destroying what looked like thriving crypto institutions. This week we’re joined by Christian tech writer and Baptist minister Chris Goswami to try to unpick how we should feel as believers about cryptocurrencies and their dramatic fall in recent months. What is bitcoin, and is it any different to previous internet-based tech industries we could invest in which have boomed and gone bust over the years? Is crypto just a Ponzi scheme, a 21st century version of Tulipmania, or is there something useful and transformative being built on the blockchain?
Find more of Chris’s writing on tech and faith at his website – www.7minutes.net
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