Santosh Shetty

17%
Flag icon
Crypto has its own lexicon, with many words representing the opposite of what they claim to be. Many stablecoins ultimately proved to be not so stable. Smart contracts were neither smart, nor contracts in any familiar sense. Decentralized invariably meant centralized, only in private hands. You could even combine nonsensical crypto words to form meaningless new phrases, like some absurdist German language exercise. DAOs, or decentralized autonomous organizations, were neither decentralized, autonomous, nor particularly organized.
Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud
Rate this book
Clear rating
Open Preview