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There are 6 comments on Beyond Bitcoin: Why Interest in Blockchain Is Surging at BU

  1. “The project would use blockchain to help reduce the impacts of climate change.The project would use blockchain to help reduce the impacts of climate change. ‘We’re using blockchain to replicate and then improve upon the cap-and-trade system that is currently in place to limit emissions in 13 US states,’ Willis says. ‘Due to corruption, and sheer accident, carbon permits are often double-counted or hoarded by companies with significant resources to manipulate the market.'”
    No, that’s not exactly how it works. Carbon offsets do not get at the fundamental causes of climate change and have often worked as PR/marketing soundbites for conglomerates doing terrible things. It’s more like sweeping the dust under the rug and saying you cleaned the room. Making the transactions more transparent or traceable won’t actually address the problem. Furthermore, as has been reported on by many outlets (see, for an example, blockchain technologies contribute to climate change. Yes, even the ones that say they don’t (looking at you “Ecofriendly NFTs”). I would highly recommend the work of Dwayne Monroe on the material and computational costs of blockchain technologies, and how it not only negatively impacts climate, but also labor.

  2. Ah yes, cryptocurrency, the techbro’s Avon or Amway or Mary Kay or Cutco or Primerica or any other Ponzi scheme inspired nonsense. As someone who has had too many family members fall for these pump-and-dump “companies,” it feels like I should severely caution everyone from buying into this and accepting the propaganda being peddled about cryptocurrencies and non-fungible tokens. For anyone interested in the take down of this, Doug Henwood covered it for the Gravel Institute and a few other outlets.

    This article, perhaps without realizing, provides a good example of the hunbots showing their hand: “My cousin was a trader in crypto and said I should look into blockchain,” she says. My cousin was also a crypto trader, and he lost the equivalent of $15k during the last crash. Love the younger brother, but don’t be like my cousin.

    Peace and love, friends. Take care of yourselves.

  3. BU Law’s Risk Management & Compliance concentration recently co-hosted Commissioner Kristin Johnson of the US Commodity Futures Trading Commission. Commissioner Johnson is a distinguished professor and expert in blockchain and crypto, and now serves as a top federal regulator. Her thought-provoking talk demonstrated the importance of sound government regulation in this space.

  4. Cryptocurrency is just one use case for Blockchain. The underlying technology is really disruptive and as more applications are proven in the marketplace, its value will increase exponentially and impact entire industries.

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