crypto currency is shaped by the same m l m style ideology of taking collective on line action to fuel the inflation of speculative. People are also looking for outside returns, right? The outside return, even if you have to burn a billion dollars to get there, is going to be there if you can get the monopoly. And so what you end up seeing is, just like a lot of people willingly, or unknowingly, getting involved in, like, the dream of a whale younow.
Edward Ongweso Jr. and Jacob Silverman on cryptocurrency, NFTs, Elon Musk, the metaverse, meme stocks, and techno-utopianism amid the crushing reality of our neoliberal hellscape. The first in a two-episode series on crypto.
Read Dan's new essay on border control politics: nplusonemag.com/online-only/online-only/border-crises/
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