Monday, March 25, 2024

Cryptocurrency superpacs

Interestingly, when I typed in the title of tonight’s post, it autocorrected to “superbad.”  The computer is wise.


Crypto superpacs, with $83 million in the bank, have targeted John Tester and Sherrod Brown for defeat.  The crypto industry has already used its money to win primary elections in Alabama and Texas for potential House members who are pro-crypto.  The industry is pushing for favorable regulations.


I don’t understand the fascination with crypto currency.  It seems to be used almost exclusively by crooks and young guys who hope to strike it rich.  In the meantime it is a drain on the electrical grid and a major contributor to greenhouse gases.  China has banned it.  Here it is buying its way into power.

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