Welcome to the Zombie Cryptocalypse

People have forgotten what unregulated markets are like. We’ve had 90 years of the SEC and reasonably regulated, well-behaved stock markets. And it turned out really well. People can trade in some sort of confidence that there are rules and so on. And people talk about crypto and Bitcoin and so forth as if this is a well-behaved, high-volume market where someone checking that nobody is just lying about everything. And none of that’s the case.

A pile of crypto is not a pile of capital that you can develop or invest or whatever. It’s just some stuff you can buy, sell, or hold. And early investors can only pay

→ Continue reading at WIRED

Similar Articles


Most Popular

Peru’s Apus Animation Studio Pacts with Spain, Brazil (EXCLUSIVE)

Lima-based Apus Animation Studio has pacted with Spanish and Brazilian shingles to co-produce its projects, among them TV series “Chek & Chan” with...

Framework made a modular, repairable Chromebook

Framework, the company spearheading a new generation of modular, repairable products, has made a Chromebook. It teamed up with Google to produce a ChromeOS-friendly...

Variety Announces 10 Animators to Watch and Domee Shi as Honoree for Annual Animators Event

Variety and Nickelodeon are joining forces again for this year’s 10 Animators to Watch event in Los Angeles. The in-person cocktail party and...