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Why All Cryptocurrency Should 'Die in a Fire'

By Current Affairs

May 25, 2022

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Nicholas Weaver is senior staff researcher at the International Computer Science Institute and lecturer in the computer science department at the University of California, Berkeley.

Nicholas Weaver, one of cryptocurrency's most vocal skeptics, has studied cryptocurrencies for years. In an interview, Weaver explains why he views the much-hyped technology with such antipathy, arguing that cryptocurrency is useless and destructive, and should "die in a fire.

"The reason I've gotten so sour on the cryptocurrency space is the ransomware," Weaver says. "It's doing tens to hundreds of billions of dollars worth of damage to the global economy. And it only exists because people can pay in Bitcoin.

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