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ACM Opinion

It Is Okay to Opt out of the Crypto Revolution


Collage of digital ads promoting cryptocurrency.

You may be able to block out the litany of paid messaging, but we all will likely feel the effects of crypto's impact on society, whether we choose to engage or not.

Credit: Selman Design

Crypto enthusiasts claim that the industry will revolutionize financial systems by decentralizing commerce, grabbing the reins from the grip of the banks that have betrayed us in the past and the Big Tech gatekeepers that have held creators and innovators hostage with biased algorithms and hefty fees.

The populist mantra of crypto believers is "WAGMI," or "We're all gonna make it," but so far, the industry has not made good on that democratizing promise. It has been good to lucky speculators with the disposable cash to risk and the time to figure out how to do so, but has little to offer the average person today.

From MIT Technology Review
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