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The broad point here is that while tech-fueled economic growth can be good, gentrification carries enormous and often tragic costs for certain individuals and communities. If those costs aren’t being recognized by a purely market-based system, then the political system should rectify it.
How Burrowing Owls Lead to Vomiting Anarchists (Or SF’s Housing Crisis Explained) – TechCrunch
social.techcrunch.com
PayPal and Venmo (which PayPal owns) have claimed to support crypto since early 2021. But a closer look at their services reveals that though the platforms allow US customers to buy, sell, or trade crypto—invest, basically—they can’t send crypto to other users or pay directly with coins. PayPal users who qualify can use crypto for purchases only by first converting it to fiat currency. If “the future of money is here,” as Coinbase claims on its website, apparently there’s not much regular people can do with money in the future.
It’s Okay to Opt Out of the Crypto Revolution
technologyreview.com
Indeed, apart from a few lucky players, the crypto riches seem to be flowing mostly toward crypto executives and longtime Silicon Valley VCs, who need regular people to continue to invest in the industry so that it can keep growing.
It’s Okay to Opt Out of the Crypto Revolution
technologyreview.com
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