Popping the Crypto Bubble

The story of cryptocurrency is a history of the modern world reflected in technology. It is based on the different narratives that have shaped the economic and political reality of a world spinning out of control. It is also the story of a financial revolution that carries the seeds of its own destruction. Once intended as a peer-to-peer medium of payment, crypto has today morphed almost exclusively into a speculative investment asset. How can we decode crypto, learn from its mistakes, and predict what the future holds for this new currency? In Popping the Crypto Bubble, we uncover the truth about the technology behind cryptocurrency, its political ideations and the narratives that drive the biggest economic bubble in the history of mankind.

Contents
Introduction
The History of Crypto
The Cypherpunk Era
The Grifter Era

Historical Market Manias
South Sea Bubble of 1720
Mississippi Bubble of 1720
Railway Mania of the 1840s
Wildcat Banking of the 1800s
The Market Crash of 1929
Albanian Pyramid Schemes of the 1990s
Enron Scandal (1985 - 2007)
Beanie Babies (1995 - 2000)
The Dot-com Bubble (1995 - 2001)
The Subprime Mortgage Crisis (2003 - 2008)
Venture Capital Bubble (2010 - Present)
The Crypto Bubble (2016 - Present)

Economic Problems
Failure as Money
Failure as an Investment

Technical Problems
Scalability
Privacy
Security
Compliance

Valuation Problems
Asset Classification
The Theory of the Greater Fool

Environmental Problems
Wasteful Mining
Environmental Horrors

Cryptocurrency Culture
Cryptoanarchism
Technolibertarianism
Austrian Economic
Financial Nihilism

Ethical Problems
Selling Snake Oil
Illicit Activity
The Unbanked
MMM Ponzi Scheme

The Cult of Crypto
The Golden Calf
True Believers

Casino Capitalism
The Nature of Capitalism
LIBOR-cube Swaps

Crypto Exchanges
Neo-Bucket Shops
Flavors of Market Manipulation

Digital Gold
Fools Gold
Not an Inflation Hedge

Smart Contracts
Smart Contracts are not Contracts
Smart Contracts are not Smart

Blockchainism
The Pseudoscience of Trust Alchemy
The Blockchain Meme

Frauds & Scams
Fraud Triangle
Ponzi Schemes
Pump and Dumps
Giveaway Scams
Distributed Control Frauds

Web3
NFTs
The Reproducibility Problem
The Duplication Problem
The Plagiarism Problem
The Multiple Chain Problem
The Link Rot Problem
The Tinkerbell Effect
Market Manipulation
Play to Earn Games
DAOs
DeFi
The Metaverse

Stablecoins
The Idea of Stablecoins
Central Bank Digital Currencies

Crypto Journalism
Checkbook Journalism
Disclosures

Initial Coin Offerings
Crazy Coins
Celebrity Endorsements
Court Cases
Tokens As Illegal Securities

Ransomware
Cryptos Killer App
The Oncoming Storm
Financial Populism 215
Occupy Wall Street
WallStreetBets and Bitcoin

Financial Nihilism
Alienation
Everything is a Ponzi

Regulation
Shadow Equity & Securities Fraud
Industry Lobbying Efforts

A Framework for Discussion
Regulatory Approach
Complete Ban

Conclusion

The book will give you a comprehensive understanding of the history of blockchain technology, underlying technicalities of cryptocurrencies like bitcoin, the fundamentals of bitcoin mining and bitcoin miner impact on the environment. This is not an investment book; it is a financial history book that will give you the perspective to prove that the crypto world is not black magic.