4min chapter

Tech Won't Save Us cover image

Bitcoin is a Right-Wing Technology w/ David Golumbia

Tech Won't Save Us

CHAPTER

Bitcoin and the Store of Value

Bid coins are used on the dark web to buy and sell things that would be illegal with credit cards or ordinary currency. Bitcoin is not regulated in the same way as financial markets, so its value can fluctuate a lot. The people who promote bitcoin most are interested in it as an investment vehicle - they want to get rich with it. Ant o in just as a sort of rule of thumb, if you see something going up 600 % in a few weeks, it's fair to guess that it might also go down by 99%. But bitcoins haven't done anything like that yet because their price has remained stable.

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