Let Them Eat Crypto: The Blockchain Scam That's Ruining the World (Paperback)

Let Them Eat Crypto: The Blockchain Scam That's Ruining the World By Peter Howson Cover Image
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‘An 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

‘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, University of Oxford

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 promising to solve global development challenges and revolutionize every industry. But is the technology a silver bullet?

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 poverty, oppression, corruption, and conflict conditions. 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.

Peter Howson is a technology writer, researcher, and Assistant Professor in International Development at Northumbria University. His work has appeared in ReutersThe Independent, The ConversationNovaraJacobin, and Coindesk. He investigates the green-washing, aid-washing, and crypto-shenanigans in Silicon Valley and the lesser-known tech hubs of the Global South.

About the Author


Peter Howson is a technology writer, researcher, and Assistant Professor in International Development at Northumbria University, Newcastle. He investigates the green-washing, aid-washing, and crypto-shenanigans that go on in Silicon Valley, as well as the lesser-known tech-hubs of the Global South.

Praise For…


'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 - when they only exploit the vulnerable to pump their coins.'
David Gerard, author of Attack of the 50 Foot Blockchain
Product Details
ISBN: 9780745348216
ISBN-10: 0745348211
Publisher: Pluto Press
Publication Date: October 20th, 2023
Pages: 304
Language: English