Zoe Williams on cryptocurrency and markets

Thoughts

I loved this paragraph in her recent article about FTX, the ill-fated, fraudulent cryptocurrency exchange:

Markets have never been free: they are social spaces and, as such, have always been governed by rules, which – since the first time a snake-eyed trader tried to cut flour with chalk – work because they are formally determined. Take away those rules and soon a greedy, clever person might take advantage.

This will continue to happen as long as a quick buck can be fleeced from marks. Or Jeffs, or whatver their names are.

Author bio and support

Me!

Ruben Schade is a technical writer and infrastructure architect in Sydney, Australia who refers to himself in the third person. Hi!

The site is powered by Hugo, FreeBSD, and OpenZFS on OrionVM, everyone’s favourite bespoke cloud infrastructure provider.

If you found this post helpful or entertaining, you can shout me a coffee or send a comment. Thanks ☺️.