Academics Claim “Crypto-Colonialism” Rampant in Puerto Rico149.8

An opinion piece authored by academics representing Anglia Ruskin University and Trinity College Dublin have alleged that cryptocurrency mining operations are placing strains on Puerto Rico's infrastructure. The article argues that Puerto Rico has not fully recovered from the damage reaped by Hurricane Maria, and that the island is ill-equipped to cope with the wave of "Crypto-colonialism" that has recently beset the island. The article states that the devastation wrought by Hurricane Maria in 2017 has left Puerto Rico "Desperately" in need of "Investment to rebuild the island's infrastructure," and compounded severe pre-existing financial difficulties faced by the territory. The authors conclude that Puerto Rico's "Resources and infrastructure, post-Hurricane Maria, are too stretched to support cryptocurrency mining on the island" - pointing to recent power outages that left as many as 175,000 businesses and households without power for many hours, on top of the 400,000 Puerto Ricans who have remained without power for nearly five months since the hurricane/.
Original source

Add comment

Please Sign in to be able to leave comments.