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Matt Levine

The Blockchain Is Not the World

Also Tesla, Pershing Square, Uber, glass boxes and Bananacoin.

Why crypto?

I am late to this, but Steven Johnson's New York Times Magazine cover story this past weekend, about what is potentially at stake in the rise of Bitcoin and Ethereum and blockchains and cryptocurrencies, is excellent, maybe the best introduction that I've seen in any general-interest publication to why people care so much about this stuff. Money Stuff readers are, I hope, familiar with the basic ideas -- that cryptocurrency creates a way to fund and incentivize a new generation of open protocols for the internet -- but for anyone who is trying to figure out what this is all about, Johnson's article is a great place to start.