Culture
Unravelling Bitcoin and the Crypto Puzzle
Article by Ethan Gray
Accompanying the headlines of Bitcoin's surging price are stories highlighting the network's substantial energy use. The network was consuming 137 TWh of electricity at the end of March 2021. That is up 3,526% since early 2017. For perspective, that amount of electricity can power the country of Ukraine. Bitcoin's algorithm prevents it from scaling efficiently, a rather important factor for a global system. Bitcoin catalyzed a revolution in decentralized networks, but should it be adopted in the coming decades?
What Does GameStop vs. WallStreet Tell Us About Societal Change?
Article by Ethan Gray
It took regulators decades to enshrine laws that grappled with how industrialization changed their societies. Child labor rights, union rights, trust-busting, and rural electrification all helped account for the economic and societal shifts that resulted from new technologies. The pace of change is faster today, and it is happening at an exponential scale that has a global reach thanks to the internet.