You’ve managed to willfully ignore crypto for the past some-odd years, but all of a sudden it may feel as if the blockchain is closing in on you. Your 401(k) provider is rolling out a bitcoin option, your friend just made an NFT in Microsoft Paint and sold it for $14,000, and even your mayorelect is supporting a citywide cryptocurrency. (And did Dad just say “NGMI” in the family group chat?) To an outsider, crypto may mostly seem like a bunch of Patagonia-vestclad bros out to make a quick buck at the expense of the environment. This is not entirely wrong, but the landscape today is unrecognizable from its inception in 2009 and even from before 2020, the year NFTs first exploded. While some corners of the crypto world are still toxic and absurd, it’s also a fascinating and (strangely) optimistic place— where a global army of people with competing philosophies, living mostly on Twitter and Discord, all in some way believe crypto will fundamentally remake the world (and, in the process, everything we believe about value, money, and the internet). This is a guide to actually understanding that universe, whether you simply want to sound literate at a dinner party, know the difference between a bitcoin maxi and an NFT scenester, angle for a promotion by showing off more tech fluency than your boss, or leave your PR job to become member-in-chief at a new coin exchange.
1. At the very least, pick up some basic cryptospeak.
This story is from the November 22 - December 5, 2021 edition of New York magazine.
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This story is from the November 22 - December 5, 2021 edition of New York magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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