Keep up with the happenings in the tech world without all the boosterism. Cryptocurrency critic, technology researcher, and software engineer Molly White publishes Citation Needed, a newsletter that features weekly explainers of developments in the cryptocurrency industry, with summaries of the latest disasters featured on her well-known project Web3 is Going Just Great. She also does deep dives into important events in the broader technology industry, with added critical context that is too ...
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The Cryptocurrency Industry's Unprecedented Election Spending
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The cryptocurrency industry spent almost $200 million to influence the outcomes of the 2024 United States elections. This unprecedented degree of corporate spending from a relatively small industry had a major effect — but probably not in the way you think. Let's talk about where the money came from, where it went, what the cryptocurrency industry'…
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Issue 70 – The Cryptocurrency States of America
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Crypto’s efforts to buy the 2024 elections paid off, and we’re in for a bumpy ride. Originally posted on November 15, 2024.Door Molly White
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A message to those asking “what do I do now?” Originally published on November 8, 2024.Door Molly White
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Coinbase threatens me that continuing to report on their activities would be “.... unwise”. Also, election spending hits a fever pitch, with several new crypto PACs coming out of the woodwork. Originally published on November 2, 2024.Door Molly White
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I am my own legal department: the promise and peril of “just go independent”
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Independent publishing is one important facet of the media ecosystem, and while I love it, I know it is not the path for everyone. Originally published on October 26, 2024.Door Molly White
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Guilty or coerced? Ryan Salame’s last interviews before prison
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Unpacking my conversation with FTX executive Ryan Salame, where we discussed his claims that he’s innocent of the charges for which he’s now serving seven and a half years in prison. Originally published on October 21, 2024.Door Molly White
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Issue 68 – Opportunity agenda
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Harris shouts out crypto in her “Opportunity Agenda for Black Men”, one crypto exec leaves prison as another enters, and Stand With Crypto bets on the favorites. Originally published on October 16, 2024.Door Molly White
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Earlier this year, I gave a talk at the XOXO festival in Portland, Oregon about the very important fight for our web, and how we can all play a part in it. Here's a recording of that talk.Door Molly White
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Caroline Ellison: A woman with agency or a helpless pawn?
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Why did the former Alameda Research CEO receive only two years imprisonment for her role in the FTX collapse? Originally published on October 2, 2024.Door Molly White
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A simple technique offers the best of both worlds: total control over your own work, while still maintaining a presence on third-party platforms. Originally published on September 27, 2024.Door Molly White
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Issue 67 – Bug out bitcoin
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Crypto resurfaces on the campaign trail and the FTX fallout continues to unfold. Also, merch! Originally published on September 23, 2024.Door Molly White
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Issue 66 – Pretensions to relevance
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FTX fraudster Sam Bankman-Fried says he wants a do-over, and some more ill-received blockchain games suggest “GameFi” has an uncertain future. Originally published on September 17, 2024.Door Molly White
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Big publishers think libraries are the enemy
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The recent Second Circuit decision in Hachette v. Internet Archive is only the latest battle in the war on libraries and the freedom to read. Originally published on September 12, 2024.Door Molly White
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Issue 65 – World Liberty Fiasco
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Even the most pro-Trump crypto faithful think Trump’s new crypto scheme is a terrible idea. Also, an FTX crypto executive earns some benefit of the doubt, a lawsuit accuses “Pharma Bro” Martin Shkreli of disrespecting the Wu-Tang Clan, and there's a hamburglary. Originally published on September 6, 2024.…
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Polling: Are Democratic voters really “increasingly gravitating towards crypto”?
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Paradigm has polled some Democratic voters about crypto and released a summary of their results. How does it stack up to other industry polls, which are often heavily manipulated to paint a deceptively rosy picture? Originally published on August 30, 2024.Door Molly White
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Issue 64 – Pointing its arsenal at our friends
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As parts of the crypto industry scramble to court the Harris administration with events like “Crypto4Harris”, others insist it is Harris who must “bend the knee”. Originally published on August 17, 2024.Door Molly White
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Sexism in Bitcoin: an interview with Lyn Alden
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I'm joined by investment strategist and bitcoiner Lyn Alden to continue an earlier conversation about sexism in the bitcoin world. Links we discuss in this interview: DL News article on the gender breakdown of speakers at Bitcoin 2024 Association for Women in Cryptocurrency (AWIC) "State of Inclusion" survey Pantera survey on gender and pay in the …
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Coinbase responds to campaign finance violation allegations, Trump panders to bitcoiners, and I talk about my chat with Lyn Alden about sexism in bitcoin. Originally published on August 7, 2024.Door Molly White
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Coinbase appears to have violated campaign finance laws with a $25 million super PAC donation
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Actively involved in contract negotiations with a federal government agency, Coinbase was likely prohibited from making its $25 million contribution to the Fairshake crypto super PAC in May 2024. Originally published on July 30, 2024, and updated on August 5.Door Molly White
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When did cryptocurrency policy become a voter issue?
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I don’t believe that it has. In addition to all the spending, the cryptocurrency industry has been working overtime to sell a story: that there is a large contingent of voters who will be strongly factoring in candidates’ crypto policy stances when they vote in the upcoming elections. The problem is, it’s a story that does not seem to be well suppo…
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Coinbase’s Stand With Crypto Alliance fudges the numbers, a (former) crypto industry CEO has a meltdown, and another exchange suffers a nine-figure hack. Originally published on July 23, 2024.Door Molly White
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FollowTheCrypto.org: A new project to track cryptocurrency industry spending to influence 2024 elections in the United States. Originally published on July 12, 2024.Door Molly White
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Issue 61 – Soft war by the enemy
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How will recent Supreme Court decisions affect the crypto world? Also, more absurdity from the crypto lobby, and some new regulatory actions. Originally published on July 5, 2024.Door Molly White
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Issue 60 – Raging in favor of the machine
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The crypto industry jumps on the Trump train. Originally published on June 24, 2024.Door Molly White
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Issue 59 – Hot damn, this is going to get interesting quickly
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Are US legislators warming to crypto? The SEC approves Ethereum ETPs, and a crypto bill gets through the House. Originally published on June 7, 2024.Door Molly White
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Cryptocurrency companies have raised over $115 million to influence US elections this cycle, and they’re just getting started
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As election season kicks into high gear, we need to watch how cryptocurrency companies are influencing US politics. Originally published on May 30, 2024.Door Molly White
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Privacy, human rights, and Tornado Cash
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I am more worried about privacy than crypto crime. Originally published on May 23, 2024.Door Molly White
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Issue 58 – Threats to the stability and integrity of Ethereum
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The Justice Department worries about the stability of Ethereum, DCG tries to bilk their subsidiary's creditors, and Biden threatens a crypto veto. Originally published on May 18, 2024.Door Molly White
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Issue 57 - I take deep breath and I get real high
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Changpeng Zhao's sentencing, FOIA requests reveal past FBI investigations into Coinbase, and the SEC is on a Wells notice bender. Originally published May 7, 2024.Door Molly White
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We can have a different web
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Many yearn for the "good old days" of the web. We could have those good old days back — or something even better — and if anything, it would be easier now than it ever was. Originally published on May 1, 2024.Door Molly White
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Issue 56 – What are you gonna do, arrest me?
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The Binance CEO's sentencing draws near, and prosecutors have been busy chasing down other crypto criminals. Also, lawmakers take another stab at stablecoin regulation. Originally published on April 25, 2024.Door Molly White
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AI isnt useless. But is it worth it?
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AI can be kind of useful, but I'm not sure that a "kind of useful" tool justifies the harm. Originally published on April 17, 2024.Door Molly White
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Issue 55 – Halving a bad time
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The bitcoin "halving" looms, and that may not be as good news as coiners hope. Also, Terra committed fraud and Uniswap got a Wells notice. Originally published on April 13, 2024.Door Molly White
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Issue 54 – Cases continue
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Crypto-related litigation is in full swing, as the Terra civil fraud trial has kicked off and two other cases against crypto companies have survived motions to dismiss. Originally published on April 2, 2024.Door Molly White
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25 years for Sam Bankman-Fried
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"The judgment has to adequately reflect the seriousness of the crime, and this was a very serious crime." Originally published on March 28, 2024.Door Molly White
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Sam Bankman-Fried wants only six years for his "victimless" crime
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Sam Bankman-Fried maintains that his crimes were victimless and resulted in zero losses, and therefore warrant only six years of imprisonment. Prosecutors argue that 40–50 years are justified. Originally published on March 26, 2024.Door Molly White
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Euphoria has risen along with crypto prices, but nothing has changed from the last bubble. Originally published on March 13, 2024.Door Molly White
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Issue 52 – I am Sam's low-level culpability
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Bitcoin prices are spiking. Are we in for another round of crypto mania? Also, Sam Bankman-Fried doesn't want to go to jail for 100 years. Originally published on February 29, 2024.Door Molly White
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Issue 51 – It's quiet... too quiet
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It's been a quiet few weeks in the world of crypto disasters... too quiet. Originally published on February 14, 2024.Door Molly White
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We need to talk about digital ownership
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"Ownership" means ten different things to ten different people. Let's talk about what we actually want. Originally published on February 11, 2024.Door Molly White
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Review: Chris Dixon's Read Write Own
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Prominent crypto venture capitalist Chris Dixon provides an unconvincing bible for blockchain solutionists. Originally published on February 7, 2024.Door Molly White
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Issue 50 – Bitcoin busts
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Governments seize huge quantities of bitcoin, and a few people seem to be yearning for the days of peak crypto mania. Originally published on February 2, 2024.Door Molly White
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Issue 49 – And so the Lord says "give them a 10x"
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Bitcoin ETP approval, God-sent crypto scammers, and more trouble in Justin Sun's world. Originally published on January 22, 2024.Door Molly White
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The charges against Binance
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This is the audio-only version of my video entitled "The charges against Binance". The charges against Binance: what are the accusations, and what's next for Binance and its former CEO, Changpeng "CZ" Zhao? Attribution and sourcing for this video are available at https://mollywhite.net/attribution/binance. Disclosures for my work pertaining to cryp…
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Issue 48 – Bitcoin has "no chance" of going to the moon
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Bitcoin ETF fakeouts, imaginary CEOs, and a bridge hack make for an eventful start to the new year. Originally published on January 9, 2024.Door Molly White
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Issue 47 – Residual garbage
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All my "absolute top tier apes" gone, anti-rug-pull rug pulls, and an update on this newsletter. Originally published on December 26, 2023.Door Molly White
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Issue 46 – Checkmate, crypto
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Cheating chess-players, cursed mansions, and more defi centralization. Originally published on December 15, 2023.Door Molly White
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Issue 45 – I'm the director now
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Rising bitcoin prices bring echoes of the crypto mania from years past, and an ambitious hacker decides to manifest a new job for themselves. Originally published on December 5, 2023.Door Molly White
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Silicon Valley's "effective altruism" and "effective accelerationism" only give a thin philosophical veneer to the industry's same old impulses. Originally published on November 25, 2023.Door Molly White
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The Justice Department's interest in Binance isn't just "FUD" anymore. Originally published on November 21, 2023.Door Molly White
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