5min chapter

Crypto Critics' Corner cover image

Cryptocurrency, Coinbase, and Contagion (Feat. Jim Chanos)

Crypto Critics' Corner

CHAPTER

Shorting Cryptocurrencies

Shorting crypto currencies is not a good idea, says Bennet and i. The exchanges could fail themselves, they say. John law was one of the first people to think clearly about fiat currency. He said that all types of things work in boom time, but don't so in times of fear. And he also pointed out something really important: In times of fear, people actually want 'fiat' because it's backed by state power.

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