{"id":5783,"date":"2022-05-21T16:36:30","date_gmt":"2022-05-21T14:36:30","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/05\/21\/crypto-is-starting-to-lose-its-cool-just-look-at-el-salvador-rowan-moore\/"},"modified":"2022-05-21T16:36:30","modified_gmt":"2022-05-21T14:36:30","slug":"crypto-is-starting-to-lose-its-cool-just-look-at-el-salvador-rowan-moore","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/05\/21\/crypto-is-starting-to-lose-its-cool-just-look-at-el-salvador-rowan-moore\/","title":{"rendered":"Crypto is starting to lose its cool \u2013 just look at El Salvador | Rowan Moore"},"content":{"rendered":"<p>Fantasies of a Bitcoin City have been undermined by the country\u2019s huge losses in cryptocurrency<\/p>\n<p>To its evangelists, bitcoin is a frictionless, empowering form of money that liberates citizens of the world from the shackles of banks and national governments. To sceptics, the cryptocurrency is a tool of kleptocrats and gangsters, environmentally monstrous in its consumption of energy, a digitally glamorised Ponzi scheme whose eventual crash will most hurt those least able to afford a loss.<\/p>\n<p>Confidence may or may not have been enhanced by the unveiling, by President Nayib Bukele, of images of a proposed bitcoin-shaped <a href=\"https:\/\/www.dezeen.com\/2022\/05\/12\/bitcoin-city-el-salvador-president-nayib-bukele\/\" title=\"\">Bitcoin City<\/a> in El Salvador, funded with a bitcoin bond, the currency\u2019s logo embedded in the central plaza, a metropolis powered with geothermal energy from a nearby volcano. Bukele, the self-styled \u201ccoolest dictator in the world\u201d, a former publicist who wears baseball caps back to front, has already made El Salvador the first country to adopt bitcoin as the official currency. \u201cThe plan is simple,\u201d he said. \u201cAs the world falls into tyranny, we\u2019ll create a haven for freedom.\u201d<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/commentisfree\/2022\/may\/21\/bitcoin-losing-its-cool-look-at-el-salvador\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/c144d7b7094bd731dbfdbeac05b2f7a775c63718\/0_64_3500_2100\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=eeb4e4f954f4dc90b0ef7b68be76312d\" title=\"Crypto is starting to lose its cool \u2013 just look at El Salvador | Rowan Moore\" \/>Fantasies of a Bitcoin City have been undermined by the country\u2019s huge losses in cryptocurrencyTo its evangelists, bitcoin is a frictionless, empowering form of money that liberates citizens of the world from the shackles of banks and national governments. To sceptics, the cryptocurrency is a tool of kleptocrats and gangsters, environmentally monstrous in its consumption of energy, a digitally glamorised Ponzi scheme whose eventual crash will most hurt those least able to afford a loss.<br \/>\nConfidence may or may not have been enhanced by the unveiling, by President Nayib Bukele, of images of a proposed bitcoin-shaped Bitcoin City in El Salvador, funded with a bitcoin bond, the currency\u2019s logo embedded in the central plaza, a metropolis powered with geothermal energy from a nearby volcano. Bukele, the self-styled \u201ccoolest dictator in the world\u201d, a former publicist who wears baseball caps back to front, has already made El Salvador the first country to adopt bitcoin as the official currency. \u201cThe plan is simple,\u201d he said. \u201cAs the world falls into tyranny, we\u2019ll create a haven for freedom.\u201d Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fantasies of a Bitcoin City have been undermined by the country\u2019s huge losses in cryptocurrency To its evangelists, bitcoin is a frictionless, empowering form of money that liberates citizens of the world from the shackles of banks and national governments. To sceptics, the cryptocurrency is a tool of kleptocrats and gangsters, environmentally monstrous in its &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/05\/21\/crypto-is-starting-to-lose-its-cool-just-look-at-el-salvador-rowan-moore\/\"> <span class=\"screen-reader-text\">Crypto is starting to lose its cool \u2013 just look at El Salvador | Rowan Moore<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":5784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5783"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=5783"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/5784"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=5783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=5783"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=5783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}