Nobel Prize-winning economist, Paul Krugman, announced on Twitter that the payment app Venmo has seemingly blacklisted him, and he was not getting any help or explanation from the customer service. This incident has delighted cryptocurrency advocates who have warned about the threat of financial censorship in the digital age. Venmo, which is known for its poor privacy protection, sets new users' transactions and notes to display publicly by default. Krugman's apparent openness to using such an anti-privacy product reveals his lack of concern for privacy issues. While Krugman's account was reinstated shortly after his initial tweet, it highlights the opaque and constant risk such services present. This incident may help open Krugman's mind about cryptocurrency and the real risks of financial censorship.
Paul Krugman Is Having a Bitcoin Moment Venmo blacklisted the die-hard crypto skeptic. Maybe now he’ll see the light
Nobel Prize-winning economist, Paul Krugman, announced on Twitter that the payment app Venmo has seemingly blacklisted him, and he was not getting any help or e
