I'm glad @smdiehl has been talking about the massive pyramid scheme in post-communist Albania, because it has useful parallels to the present. You had a population distrustful of government, a total regulatory failure, and a sense that "this is too big to be a scam" all at oncehttps://twitter.com/smdiehl/status/1398575817739939845 …
-
-
I like this take on how Bitcoin isn’t a hedge and probably a Ponzi scheme.https://twitter.com/NorthmanTrader/status/1375173256676794378?s=20 …
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
How much of the bitcoin that normal people invest in is actually controlled by them on the blockchain, and how much is just numbers in a computer at an exchange?
-
you can see the data yourself here (for BTC specifically)https://markets.chainalysis.com/
End of conversation
New conversation -
-
-
I like
@matt_levine's characterization of WeWork as a vehicle designed to short an innovation bubble; it's not hard to draw parallels here.pic.twitter.com/Mr7ItJe6O7
-
Yeah,
@matt_levine is one of the finest writers on these topics I can think of. I wish I could share his aesthetic enjoyment of amazing trades, rather than just want to fire everyone into the sun. His newsletter is my daily treat. - Show replies
New conversation -
-
-
Precisely. There is however genuine innovation in decentralized money tech in that it has facilitated a lot of extortion and money laundering. Much more difficult than using a credit card, but much easier than a money drop.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
If bad money drives good money out of circulation, what does funding of innovation cosplay do to real innovation?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
