Tag: Digital Divide

Despite a significant drop in interest surrounding cryptocurrency technology recently, techno futurists continue to center their claims and justifications around a promised future of decentralized control, security, and transparency. This paper examines the ethical implications of the technology in the context of such promises. It challenges the optimistic narrative by discussing the often-ignored consequences that cryptocurrencies impose on various parts of society, particularly those who are already marginalized. The exploration delves into issues such as the digital divide, the inherent volatility and unpredictability of cryptocurrencies, and their ecological footprint, disputing claims that the benefits outweigh the harms.