Interesting analysis on the crypto craze.
“These days I read a lot of cross-disciplinary commentary on the crypto asset bubble, and what strikes me as particularly strange is the sheer level of disconnect between people’s lived experience of this mania. I’ve never seen anything else like this in technology and the topic will divide rooms. Between the software engineers, venture capitalists, economists, and the chattering class there is very little consensus at the base level of reality of what the heck is even going on. It draws parallels between the Indian proverb about the blind men and the elephant, or perhaps the idiom about the blind leading the blind.”Posted on 2021-11-27T19:00:21+0000