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15 votes
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After twelve years of writing about bitcoin, here's how my thinking has changed
18 votes -
Are there any guides that properly explains the crypto space?
So my only experience with crypto is buying a little bitcoin after big crashes, ignoring it for 5 years and selling it when theres hype in mainstream media. Happens reliably enough and i made a...
So my only experience with crypto is buying a little bitcoin after big crashes, ignoring it for 5 years and selling it when theres hype in mainstream media. Happens reliably enough and i made a little change. Also did some fruitless blockchain work when it was a corporate craze in 2017 but overall, don't care for the tech much.
Anyway, I've been looking into some things for work and a lot of roads lead to cryoto. I'm decent at picking apart a reasonable technical system and can call on people who understand legal, financial, logistical or company structures. But the crypto space is a weid mess. It feels like kids playing a pretend game of being a central bank.
There's official documents and company filings with full corporate structures, but everything is just a bit too juvenile. Like you'll see a Senior Auditor with 10 years experience at KPMG, next to the head of marketing: YoloSwagger with an animated One Piece profile pic. There's also these ambitious White Papers attached to code base that seems like the same boilerplate example but with stupid variable names.
A bulk of the info i need is the diction and syntax. Don't know if its because I'm old because I don't get it. I see a lot of start-up and investment language thrown around. And it's mixed with a plenty of meme terms and some utter nonsense. I can't get a straight answer on the meaning of Utility even though its thrown around like a core metric. And don't get me started on Wallets because that definition seems to change mid sentence.
The other thing I need to understand is the technicalities involved and accessing the right info. Before my searches were polluted with the meme coin story today, there's not a lot of good info. Most of what I found was exchanges telling you to not worry about it and give them money, or crypto bros telling you not to worry about it and give them money for their course.
I understand transactions and how everything is just a pump-and-dump to get at whatever liquidity was raised. All the evidence for fraud is obvious in hindsight. There must be ways to track those trends before it happens and find consistent factors. At the same tine how the hell can people just start a coin and other people throw small fortunes at it for a laugh.
I'd be grateful for any good primer unpacking things. It really looks like the normal education is to jump in with you life savings and sink or swim.
19 votes -
Debanking (and debunking?)
8 votes -
US teen creates memecoin, dumps it, earns $50,000
18 votes -
Who's watching crypto at the moment?
Crypto has always been an odd one for me. Considering I'm in the IT field and generally techy, I've always remained skeptical. That didn't stop me throwing about £100 into some DOGE, XRP and ETH...
Crypto has always been an odd one for me.
Considering I'm in the IT field and generally techy, I've always remained skeptical. That didn't stop me throwing about £100 into some DOGE, XRP and ETH awhile back. They peaked around $880 and I almost cashed out. I wish I had because they fell back and were worth around $140 for the longest while.
Suddenly it's sitting at around $400 and I'm wondering whether to hold my nerve or cash out.
Anyone big into crypto and have any advice?
14 votes -
India's WazirX halts trading after $230 million 'force majeure' loss
13 votes -
Inside a violent gang's ruthless crypto-stealing home invasion spree
12 votes -
The Hamster Kombat crypto app that’s spreading through desperate Iran
6 votes -
PayPal USD (PYUSD) on Solana
3 votes -
Wisconsin pension fund now includes bitcoin
22 votes -
SEC opens door for US Spot-Ether ETFs in landmark for crypto
5 votes -
Visa Onchain Analytics Dashboard
4 votes -
Two SEC lawyers resign after agency censured for abuse of power in US crypto case
12 votes -
Venezuela to accelerate cryptocurrency shift as oil sanctions return
8 votes -
A primer on Bitcoin cross-border flows: Measurement and drivers
2 votes -
Fallen crypto mogul Sam Bankman-Fried sentenced to twenty-five years in US prison
54 votes -
Sam Bankman-Fried repeatedly lied to get out of “supervillain” US prison term, FTX CEO alleges
32 votes -
After the Honduran president repealed a law granting unfettered authority to outside investors, investors took the dispute to a World Bank arbitration court
13 votes -
Memecoin trading at levels last seen before crypto bubble burst
20 votes -
Arrest of Binance executives shakes up Nigeria’s crypto ecosystem, again
11 votes -
Bitcoin tops $72,000 for the first time
25 votes -
Chinese gangs use cryptocurrencies to launder billions
31 votes -
Bitcoin tops $57,000 price level for first time since late 2021
32 votes -
Matt Levine's Money Stuff: Reddit plans to allow users to buy IPO shares, Nvidia share purchases and Three Arrows Capital [a collapsed crypto company]
19 votes -
ETF approval for bitcoin – the naked emperor’s new clothes [European Central Bank criticises US securities regulator for approving a Bitcoin ETF]
20 votes -
As Bitcoin rallies, banks are pushing US regulators to change crypto guidance
8 votes -
The US Securities and Exchange Commission authorized financial firms to offer ETFs tied to Bitcoin
26 votes -
The $10 billion charity no one has heard of | The SDG Impact Fund grew from $238 million in 2020 to $10 billion in 2021... which seems to have been fueled by cryptocurrencies and digital art assets
13 votes -
Sam Bankman-Fried is a feature [of effective altruism], not a bug
31 votes -
Crypto Twitter found Sam Bankman-Fried's fraud
9 votes -
Sam Bankman-Fried convicted of fraud over FTX’s collapse
64 votes -
Sam Bankman-Fried stuff: More Kelly sorry
7 votes -
Money Stuff: FTX might have found some money
6 votes -
Sam Bankman-Fried was reckless from the start and SEC settlements are more generous in September
11 votes -
A review of Number Go Up, on crypto shenanigans
16 votes -
Your NFTs are actually — finally — totally worthless
46 votes -
How Sam Bankman-Fried’s elite parents enabled his crypto empire
9 votes -
There are now two types of PayPal dollars, and one is better than the other
14 votes -
A deep dive on Solana
5 votes -
Blockchains are entering their “broadband era”
7 votes -
The wallet event: Crypto startup company tells bankruptcy judge it has lost the password to a 38.9 million dollar physical crypto wallet
17 votes -
Successful blockchain experiments unlock potential of tokenisation
3 votes -
Ben McKenzie says researching and writing book changed his perspective - Easy Money: Cryptocurrency Casino Capitalism and the Golden Age of Fraud
9 votes -
Sam Bankman-Fried thrown in jail over bail shenanigans
43 votes -
PayPal launches US dollar stablecoin
34 votes -
Why are people lining up for Worldcoin eyeball scans? “Easy $50”.
11 votes -
What crypto wallets get wrong
3 votes -
The kingdom of Bhutan has been quietly mining Bitcoin for years
7 votes -
‘Distributed validator technology’ marks last key milestone in Ethereum’s current era
6 votes