Magic Internet Money

It’s like crypto is having its own ’08 housing crisis, except the mortgaged homes were built in Minecraft instead of Miami.

Crypto came with a lot of promises.

It was supposed to eliminate the need for middlemen like banks.

It was supposed to hedge against inflation.

It was supposed to do a lot of things.

Instead, it failed at pretty much everything except enriching those who bought in early and sold near the top.

Source: Magic Internet Money