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The Crypto Industry Is Dying That Is a Good Thing

https://pomp.substack.com/p/the-crypto-industry-is-dyingthat

by imaginaryunit01 • 3 months ago

7 3 3 months ago

PO

pomp.substack.com

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javier1234543212• 3 months ago

As an enthusiast of the promise of bitcoin, the best thing that that community did was to separate itself from crypto.

JohnFen• 3 months ago

I'm confused by this. Bitcoin isn't cryptocurrency?

javier1234543212• 3 months ago

The term cryptocurrency refers to a category that is saturated with companies participating in the minimum amount of decentralization theatre to provide plausible deniability in a court about the level of control that founders have. The currencies in the case of those companies are more akin to stocks than anything.

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