Anarchism and Cryptocurrency
From C4$$ by Rai Ling
Cryptocurrency, a digital currency in which transactions are verified and recorded by a decentralized system using cryptography, rather than by a centralized authority, is a controversial technology amongst anarchists, even though it is often used as a tool for undermining state power. The left generally sees cryptocurrency as a negative due to its function as money (which some seek to abolish), volatility, ostensible harm to the environment, alleged lack of decentralization, scams, and association with right-libertarianism, which have resulted in many left-leaning anarchists irrationally lashing out against crypto.