Matt Levine, Columnist

Web3 Takes Trust Too

Also initial litigation offerings, Congressional trading and stock splits.

January 10, 2022 at 6:31 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

Provide news feedback or report an error

Site feedback:

Take our Survey

The only cryptocurrency that I own is ExcelCoin.1 ExcelCoin is a next-generation cryptocurrency whose central innovation is that its ledger is maintained not by proof of work, which is environmentally problematic, or by proof of stake, which has its own problems, but by me. I maintain the ledger in Microsoft Excel. Here is a copy of the ledger as of 9 a.m. today2:

If you want to buy some of my quadrillion ExcelCoins, send me an email3; I will make a market at $0.99 bid / $1.01 offered,4 though of course that is subject to change with market conditions.5