{"id":26986,"date":"2024-10-25T21:11:12","date_gmt":"2024-10-25T21:11:12","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=26986"},"modified":"2024-10-25T21:16:32","modified_gmt":"2024-10-25T21:16:32","slug":"foreign-policy-senegals-cryptocurrency-city-has-evaporated","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2024\/10\/25\/foreign-policy-senegals-cryptocurrency-city-has-evaporated\/","title":{"rendered":"Foreign Policy: Senegal\u2019s Cryptocurrency City Has Evaporated"},"content":{"rendered":"

Akon City was a futuristic smart city project, promoted by the singer Akon. It would use the cryptocurrency Akoin.<\/p>\n

Nobody reading this will be surprised to hear that\u00a0 Akoin was an ICO pump-and-dump which insiders offloaded the moment it was listed on an exchange. Akon was the sucker in the deal.<\/p>\n

James Palmer from Foreign Policy heard about Akon City and thought it was a hoot. Fortunately, there’s been sufficient recent news to write it up — and smart city scams are common enough now to give it some geopolitical relevance. So my piece has just gone live. [Foreign Policy<\/em><\/a>]<\/p>\n

$5-and-up patrons got to read the draft<\/a> of this a couple of weeks ago!<\/p>\n

Smart city scams like Akon City or Bitcoin City<\/a> have a name: “speculative urbanisation.” See also Pete Howson’s book<\/a> on blockchains and social development.<\/p>\n

 <\/p>\n

\"\"<\/a><\/p>\n

Akon performing in Rio de Janeiro on 22 September.<\/small><\/i><\/p>\n

\"Become<\/a>

Your subscriptions keep this site going. Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"

Nobody reading this will be surprised to hear that\u00a0 Akoin was an ICO pump-and-dump which insiders offloaded the moment it was listed on an exchange.<\/p>\n","protected":false},"author":1,"featured_media":26987,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[3864,2443,1150,9],"class_list":["post-26986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-akoin","tag-akon","tag-foreign-policy","tag-ico"],"jetpack_featured_media_url":"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2024\/10\/akon-fp.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/26986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=26986"}],"version-history":[{"count":11,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/26986\/revisions"}],"predecessor-version":[{"id":26998,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/26986\/revisions\/26998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media\/26987"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=26986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=26986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=26986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}