From the New World cover image

Manny Rinconcruz - A Tornado of Cash, An Earthquake of Crackdowns, and a Drought of Courage

From the New World

CHAPTER

Cryptocurrency

Skepticism during a speculative bubble will make you no money at all. The selective pressure is for people that buy everything, right? If you had just bought anything, it would have just gone up a whole bunch. And then suddenly the people that are actually making the more disciplined decision are punished. So we saw that on display during the e, the covet induce monetary boom - to try and become friends with any one who might launch a project.

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