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Bonus: The Crypto Story by Matt Levine - Part 3

Bloomberg Crypto

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Shitcoins - A Parody of the Coin Boom

The social fact that Bitcoin was accepted by many millions of people as having a lot of value might be the most impressive thing about Bitcoin. As Bitcoin became more visible and valuable, people just did that? There was a rash of new cryptocurrencies that were sometimes subtle variations on Bitcoin and sometimes just lazy knock-offs.

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