{"id":37508,"date":"2022-10-31T16:04:09","date_gmt":"2022-10-31T20:04:09","guid":{"rendered":"https:\/\/mjtsai.com\/blog\/?p=37508"},"modified":"2022-10-31T16:04:09","modified_gmt":"2022-10-31T20:04:09","slug":"the-crypto-story","status":"publish","type":"post","link":"https:\/\/mjtsai.com\/blog\/2022\/10\/31\/the-crypto-story\/","title":{"rendered":"The Crypto Story"},"content":{"rendered":"

Joel Weber<\/a> (tweet<\/a>):<\/p>\n

There was a moment not so long ago when I thought, “What if I’ve had this crypto thing all wrong?” I’m a doubting normie who, if I’m being honest, hasn’t always understood this alternate universe that’s been percolating and expanding for more than a decade now. If you’re a disciple, this new dimension is the future. If you’re a skeptic, this upside-down world is just a modern Ponzi scheme that’s going to end badly—and the recent “crypto winter” is evidence of its long-overdue ending. But crypto has dug itself into finance, into technology, and into our heads. And if crypto isn’t going away, we’d better attempt to understand it<\/a>. Which is why we asked the finest finance writer around, Matt Levine of Bloomberg Opinion, to write a cover-to-cover issue of Bloomberg Businessweek<\/em>[…]. What follows is his brilliant explanation of what this maddening, often absurd, and always fascinating technology means, and where it might go.<\/p><\/blockquote>","protected":false},"excerpt":{"rendered":"

Joel Weber (tweet): There was a moment not so long ago when I thought, “What if I’ve had this crypto thing all wrong?” I’m a doubting normie who, if I’m being honest, hasn’t always understood this alternate universe that’s been percolating and expanding for more than a decade now. If you’re a disciple, this new […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"2022-10-31T20:04:11Z","apple_news_api_id":"d0b7e726-2045-4a03-9384-a9c170b6d356","apple_news_api_modified_at":"2022-10-31T20:04:11Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/A0LfnJiBFSgOThKnBcLbTVg","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[2],"tags":[914,1195,295,2157],"class_list":["post-37508","post","type-post","status-publish","format-standard","hentry","category-technology","tag-bitcoin","tag-financial","tag-history","tag-non-fungible-token-nft"],"apple_news_notices":[],"_links":{"self":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/37508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/comments?post=37508"}],"version-history":[{"count":1,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/37508\/revisions"}],"predecessor-version":[{"id":37509,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/37508\/revisions\/37509"}],"wp:attachment":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/media?parent=37508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/categories?post=37508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/tags?post=37508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}