Equity Ok, this one is for the crypto-curious
May 4, 2022
Anita Ramaswamy and Lucas Matney, both reporters from TechCrunch, delve into the intricacies of cryptocurrency for those just beginning to explore. They simplify the jargon of decentralization and discuss how it differs from traditional tech practices. The pair also tackle the ethical dilemma of whether journalists should invest in what they report, revealing the challenges in crypto journalism. Expect insights on shifting investor motivations and the evolving nature of community dynamics within the ever-changing cryptocurrency landscape.
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Crypto FOMO
- Crypto relies on channeled attention and investment waves, leading to a "Ponzi scheme" perception.
- Most investors' crypto involvement correlates with price surges, driven by FOMO.
Journalist's Dilemma
- Journalists grapple with their role in covering crypto, questioning whether objectivity requires distance.
- Lucas Matney transitioned from covering VR to crypto due to the latter's renewed growth.
Beyond the Money
- Anita Ramaswamy's Wall Street background taught her to look beyond funding and focus on actual product development in crypto.
- She emphasizes the importance of scrutinizing products, regardless of funding, citing the Axie Infinity hack as an example.