Let Them Eat Crypto: The Blockchain Scam That's Ruining the World

Peter Howson's book "Let Them Eat Crypto" exposes the false solutions, surveillance, and hi-tech snake oil offered by right-wing libertarian crypto entrepreneurs, who seek to exploit conditions of poverty, oppression, corruption, and conflict for their own gain.

Format: Paperback / softback
Length: 304 pages
Publication date: 20 October 2023
Publisher: Pluto Press

Cryptocurrencies, Non-Fungible Tokens (NFTs), and Metaverse markets have captured the world's attention, generating immense hope, hype, and confusion. While the underlying blockchain technology is widely believed to hold the key to solving global development challenges and revolutionizing various industries, questions arise about its true potential. In his book, "Let Them Eat Crypto," Peter Howson takes a deep dive into the world of cryptocurrencies, exposing the alarming reality behind the façade of hope and promise.

Howson's book uncovers a concerning trend where right-wing libertarian crypto entrepreneurs, often aided by charities, politicians, and philanthropists, exploit conditions of poverty, oppression, corruption, and conflict. Their ultimate goal? To establish a new front of crypto-colonial extractivism.

Through his meticulous research and compelling storytelling, Howson reveals the alarming truth: far from banking the unbanked, saving gorillas, or freeing people from oppressive governments, blockchain offers only false solutions, surveillance, and high-tech snake oil. He exposes the ways in which these entrepreneurs use cryptocurrency and blockchain technology to perpetuate inequality, control populations, and further consolidate their power.

One of the most striking aspects of "Let Them Eat Crypto" is Howson's analysis of the role of charities and philanthropists in supporting these crypto-colonial projects. He shows how these organizations, driven by a desire to make a positive impact, are inadvertently being used as tools to further the interests of powerful individuals and corporations. Charities are often misled into funding projects that promise to alleviate poverty and promote social justice, but in reality, they serve to reinforce existing power structures and exacerbate the problems they seek to address.

Furthermore, Howson highlights the political implications of blockchain technology. He argues that the rise of cryptocurrencies and blockchain-based solutions has created a new space for authoritarian governments to exercise control and surveillance. By leveraging the transparency and security offered by blockchain, governments can monitor citizens' activities, restrict freedom of speech, and manipulate economic systems. This raises serious concerns about the potential for authoritarianism and the erosion of democratic values.

In conclusion, "Let Them Eat Crypto" is a powerful and eye-opening book that sheds light on the dark side of cryptocurrencies, blockchain technology, and the global power dynamics that underpin them. Peter Howson's meticulous research and compelling storytelling make this book a must-read for anyone interested in understanding the true potential and risks of these emerging technologies. As we navigate the rapidly evolving world of cryptocurrencies and blockchain, it is essential to be aware of the underlying motives and consequences of these innovations. Only by challenging the narratives propagated by crypto-entrepreneurs and holding those in power accountable can we hope to create a more equitable and sustainable future.

Weight: 270g
Dimension: 198 x 127 x 25 (mm)
ISBN-13: 9780745348216