Wework founder raises $70m for blockchain-based, “voluntary” carbon credits

It’s a scam matrioshka.

Cory Doctorow

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A burning landscape. In the foreground is a burned out building with a charred Wework sign. Over the doorway is a smoke-damaged banner for Flowcarbon with a picture of the planet Earth. Image: Lorie Shaull (modified): https://commons.wikimedia.org/wiki/File:A_man_walks_by_a_burning_building_on_Thursday_morning_after_a_night_of_protests_and_rioting_in_Minneapolis,_Minnesota_(49945327763).jpg CC BY-SA 2.0: https://creativecommons.org/licenses/by-sa/2.0/deed.en A16Z (modified): https://a16z.c

Even crypto’s biggest boosters admit that the industry has a scam problem. This is especially hard to deny now that hundred of billions of (real) dollars’ worth of (fake) “stablecoins” have gone up in smoke.

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