The development of purely speculative meme stocks that tap into cryptoculture without having to do all the messy business of hashing is a Copernican breakthrough in modern finance on a level with the invention of the artificial tulip
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There's no way yet to use GME or TSLA stock to collect ransomware payment or try to hire a hit man who is really an FBI agent, but these are small and fixable deficits in what is a promising new avenue of investment in nothing
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People focus too much on the speculation element of cryptocurrency and not enough on the belief system and its emotional power. This stuff taps into the same deep roots as Qanon, a sense that the world is irretrievably broken and in the hands of a corrupt, all-seeing elite
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As opposed to the rest of the stock market, which is so full of good sense and honest value.
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I think unmooring a stock so completely from the underlying referent is an important development. It's happened before, but social media has added an important missing piece
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In the past we were hampered by thinking about a given speculative asset being "real" or "entirely fictional and fraudulent." The reality is that all speculative assets exist along a bullshit continuum
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I need you writing blog explainers for all this, please
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When will Pinboard on the blockchain be coming out? The first decentralized, distributed, censorship resistant bookmarking app!
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When I bought delicious, I wrote the original VC a courtesy mail, and they pushed me to do an initial coin offering...
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GME IS GREEN CRYPTOCURRENCY