Crypto is starting to lose its cool – just look at El Salvador | Rowan Moore

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Crypto is starting to lose its cool – just look at El Salvador | Rowan Moore
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Fantasies of a Bitcoin City have been undermined by the country’s huge losses in cryptocurrency

But why worry about any of this when you have shiny computer-generated images of a fantasy city to distract you?The Mayor of London Sadiq Khan looks on as Boris Johnson gives a speech at Paddington station on 17 May 2022.The use of constructional bluster by populist leaders – Trump’s wall, for example – is not in itself anything new.

Last week his fondness for Potemkin infrastructure took a new twist. Rather than over-promise illusory schemes and under-deliver them, he decided tofor something actually built, the £19bn Elizabeth line in London, formerly known as Crossrail, whose central section opens to the public on Tuesday. “We get the big things done,” he boasted to the House of Commons, choosing to ignore the fact that the line was initiated under a Labour prime minister and a Labour mayor of London.

It features illegal abortion, graphically portrayed, and the effects of inflation, both newly significant. All presented at the Almeida theatre in the famously metropolitan London borough of Islington, not far from the former restaurant where Tony Blair and Gordon Brown did the 1994 deal that shaped some of the events in the play. There’s irony here to make this audience squirm. Which, along with several other not-comfortable emotions, is probably the desired effect.

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