“Why are you so down on crypto, Patrick?” Because when Michael Lewis inevitably writes a book on the largest metafraud ever perpetuated, substantially encouraged and enabled by our industry, I would like him to be able to report “Not everyone in tech was blind to this.”https://twitter.com/CasPiancey/status/1133585910161821697 …
If you're wondering "Are you perhaps overly weighting the fact that you've been consistently saying this for many years and maybe missing facts which changed on the ground?", that's more interesting, but my internal read is that my views are stable under considered reflection.
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This remains true even though I'm on the other side of the argument from some close friends and some of the smartest people I know.
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Interesting view on the partiality side of the argument but what about the implosion itself? A fat tail event blowing up another fat tail event maybe? I cannot wrap my head around that.
End of conversation
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