The Trump SPAC Has SEC Trouble
Also a big crypto thing, Celsius bankruptcy wrangling and cannabis accounting.
Over the past few months I have written a long piece about crypto for Bloomberg Businessweek. It is out today, and you can read it here. Some of the themes will be familiar to Money Stuff readers: I touch on crypto’s sometimes hilarious and sometimes insightful reinvention of traditional finance, as well as Bitcoin’s revolutionary (re)discovery of the fact that, if a bunch of people decide that something should be valuable, that’s enough to make it valuable. But I also try to start from the beginning of crypto and build step by step, to develop complex modern crypto ideas from first principles.
If you are a crypto expert you will probably hate this because I skipped over or slighted your favorite things. If you are a crypto hater you will probably hate this because, you know, it’s 40,000 words about crypto. I am neither, really; I come to crypto from the perspective that it is flawed but interesting, a laboratory for ideas about finance and society rather than a finished product. I had fun writing it, and I hope you have fun reading it.