Attention Economy


Sunday, September 22, 2024

The Politics of the Crypto Industry

Bitcoin, Burgers and Big-Money Donors: Inside the Trump Crypto Alliance
https://www.wsj.com/politics/elections/donald-trump-campaign-crypto-bitcoin-7a2e2e4f
The former president’s embrace of digital currencies is drawing fervent support from a niche he once scorned
 
The Tech Bro Style in American Politics

Naked Emperors and Crypto Campaign Cash
https://www.nytimes.com/2024/08/29/opinion/cryptocurrency-election.html
Paul Krugman:
Bitcoin, the original cryptocurrency, was introduced 15 years ago and was promoted as a replacement for old-fashioned money. But it has yet to find significant uses that don’t involve some sort of criminal activity. The crypto industry itself has been racked by theft and scams.  
But while crypto has thus far been largely unable to find legitimate applications for its products, it has been spectacularly successful at marketing its offerings. Cryptocurrencies, which are traded for other crypto assets but otherwise mainly seem suited for things like money laundering and extortion, are currently worth around $2 trillion. And in this election cycle the crypto industry has become a huge player in campaign finance.
 
Don’t Get Fooled Again by Crypto
https://www.nytimes.com/2024/08/09/opinion/crypto-2024-election.html
 
How 2024 Became a Crypto Election
https://www.nytimes.com/2024/08/01/opinion/crypto-trump.html 
 
Trump and the politics of bitcoin
https://www.ft.com/content/3821ff74-e695-4004-b691-a920ee908996