by Nat Eliason in Almanack Has crypto built anything useful? Or is it just a myriad of Ponzi schemes with sophisticated grifters stealing money from hopeful newcomers? Depending on who you ask, Crypto could be the financial coming-of-Jesus moment. Or it could be a “venereal disease… below contempt” in the words of Charlie Munger. Part of the problem in assessing the crypto industry is we throw around certain terms without really understanding them, and without having a clear terminolo...
