Many forms of so-called digital money aren’t actually so new or innovative”nor actual “˜money,’ in most cases”and often have a number of key aspects in common. The ways in which they differ, may be our best indicators for whether this or that payment system or crypto-coin will survive, or simply end up worthless.
In 2010, a pair of researchers published a controversial economics paper. It was cited by UK politicians to justify austerity measures that sparked economic and employment crises, and anti-austerity protests — measures that the UN later called “punitive, mean-spirited, and often callous” inflicting “great misery.”
Illustration: Elena Scotti (Gizmodo) Most social media users know that bot accounts are among us, whether as fake voters with loud opinions or obsessive re-tweeters of a single corporation’s content. When it comes to telling many ‘fake’ accounts from real ones, however — or just knowing how many non-individuals are active online — even savvy…