The Crypto Con 0
I am not as charitable as Mike and Farron. They seem to concede that there might be somewhere somehow some legitimacy to crypto.
I think they are, as my old boss used to day, “in error.”
As far as I can tell, crypto is the most fiat of fiat currencies. It’s backed by nothing and no one and has value only because persons think it has value. It is the tulip of the computer age.
It persists only because persons will believe stuff that they see on computer screens when they would not believe the same stuff if it happened in real life before their eyes.
