Saved by Yishai Ofek
Why crypto is so annoying
That said, the high frequency of airdrops has also created a culture in crypto where many prospective contributors join a community with the sole aim of maximizing their chances of getting airdropped tokens in the future — regardless of how invested they are in the community as a whole, or how slim the chances of these airdrops happening actually a... See more
Cherie Hu • Behind our first $STREAM airdrop
Now, says Gün Sirer, Joe Public wants a piece of the action, and the tokens craze gives him a way in. Why is he demanding it? “Because the public currently has no good places to park its money. They need returns. The banks are giving them one, two percent at most.
Michael J. Casey • The Truth Machine: The Blockchain and the Future of Everything
the same properties of anonymity and censorship-resistance that make crypto useful to white supremacists might also make it attractive to, say, Afghan citizens fleeing the Taliban. So labeling the entire crypto movement an extremist group would be overkill. Regardless, it’s safe to say that crypto has become attractive to all kinds of people who wo... See more
Kevin Roose • The Latecomer’s Guide to Crypto (Published 2022)
The first part isn’t entirely unfair; scams and ponzi schemes are everywhere, and it seems clear that we are in the middle of an ever-inflating bubble. It’s also the case that an entire set of legitimate use cases are in reality regulatory arbitrage; crypto advocates are far too quick to ascribe all of the issues with the current monetary system to... See more
stratechery.com • The Great Bifurcation
