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Crypto as Novel Financial Assets
- Crypto tokens are new types of financial assets, not always representing claims on other entities.
- Crypto financial systems blend innovative freedoms with inherent risks and chaos.
Own Your Crypto Keys
- Owning crypto means holding private keys that control access, with no recovery if lost.
- This differs profoundly from traditional finance's intermediated systems where the bank tracks your money.
Buying Ether by Venmo
- Matt Levine bought $20 of ether from a friend by Venmo to research crypto firsthand.
- The decentralized finance team had no better quick fiat-to-crypto solution than texting a friend like this.