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Bitcoin is bull

from Interesting Times by mike skliar

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Written about this whole cryptocurrency (bitcoin etc.) nonsense...

lyrics

The doctor saw the patient and got a history
He had bags under his eyes, trouble trying to see
The patient told a tale of burning midnight oil
To solve this mystery you don’t need Arthur Conan Doyle

The doctor told the patient, let me see your cellphone
90 browser windows opened, this disorder is full-blown
The telltale signs there for all to see
85 browser windows open , about cryptocurrency

The patient was obsessed with this bitcoin scheme
Blockchains and mining now make up all their dreams
They want to put my money there, and make it grow and grow
Others getting rich, they got a case of FOMO

(FOMO, that stands for ‘fear of missing out’ a common early 21st century phenomenon, probably as widespread as the virus, and just about as easily spread, too)

OK What is bitcoin? What is cryptocurrency? That’s a whole other song, goes like this

It’s a complicated mess, with jargon and doublespeak
Marketed to appeal to an oh-so-discerning clique
Its value goes up and down, it isn’t for the weak
To explain in any detail would take more then a week

But here’s a few facts, I do not mean to bore
It’s a ponzi scheme at heart, you gotta get in on the ground floor
Its counting that the rubes will walk thru that trap door
Marketed as ‘freedom’, you get what you pay for

But the biggest reason on crypto , you shouldn’t spend a cent
Is the serious damage it does to the environment
To ‘mine’ ie to create this currency that is spent
You need thousands of computers chasing that devil scent

Computer farms the size of a medium sized town
Use enough electric power to run our planet down
Seriuosly, crypto used more power then Argentina or Sweden
You don’t believe me, you should read what I’ve been reading

(back to blues)

Doctor said to the patient, avoid crypto like the plague
Not just because understanding it is confusing and vague
Its basically libertarian bull, promising freedom from regulation
A con artist’s game, now sweeping the nation

Celebrities do ads for it, last week I saw Larry David
And if some crypto fans hear this song, I’m sure they’ll go rabid
But when the hell was a free lunch ever really free
They’re selling you a dream, that money grows on little crypto trees


(c) M. Skliar 2022

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from Interesting Times, released March 4, 2022

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mike skliar New York, New York

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