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The blockchain scam that's ruining the world

The subject of immense hope, hype, and confusion, crypto has amassed countless headlines in recent years. With cryptocurrencies, NFTs and metaverse markets crashing, the underlying blockchain technology is still promised to solve global development challenges, whilst revolutionising every industry. But is the technology really a silver bullet?


Let Them Eat Crypto puts blockchain, cryptocurrency and ‘Web3’ under the microscope like never before.


Peter Howson cuts through the jargon and bluster to tell an alarming story of how right-wing libertarian crypto entrepreneurs – often aided by charities, politicians, and philanthropists – seek out and exploit conditions of poverty, oppression, corruption, and conflict. Their goal? A new front of ‘crypto-colonial’ extractivism. 

Let Them Eat Crypto reveals the alarming truth: far from ‘banking the unbanked’, saving the gorillas, or freeing people from oppressive governments, blockchain offers only false solutions, surveillance, and hi-tech snake oil.

A methodical and essential resource. Howson strikes not just at cryptocurrency, but the frauds who promote blockchain technology as a solution to any social problem.

- David Gerard, author of Attack of the 50 foot Blockchain and Libra Shrugged

A merciless takedown of attempts to apply blockchain to the world’s biggest problems ... If you are thinking of using blockchain for good, read this first. 

- Professor Villi Lehdonvirta, author of Cloud Empires

Of all the crypto critical books that came out this year (all of which are good), the best is 'Let Them Eat Crypto' because it's honest and unreserved about policy solutions to the crypto problem rather than just observing the issue.

- Stephen Diehl, author of Popping the Crypto Bubble

A scathing indictment. Howson disassembles crypto’s core narratives by putting their greed, flagrant hypocrisy, and utter contempt for other humans on display, and demonstrates that from green washing fraudulent carbon credits, to crypto colonizers displacing indigenous populations, to recruiting impoverished children into financial schemes, all of blockchain’s solutions are ultimately ‘Scammydocious’.

- Adam and Sal, IO Radio

The definitive analysis against which future accounts will have to position themselves. Howson does a brilliant job at exposing the many wrong-doings done by ‘for-good’ crypto folk who lack a proper understanding of the issues they purport to solve. 

- Andrea Stuit, UAB