"Then there are the currencies themselves: bitcoin and ether and the endless series of memecoins and start-up tokens. These are largely volatile, speculative assets that some people trade, shitpost about, use to store value, and, sometimes, get incredibly rich or go bankrupt from."
"I tend to agree. I've spent time reporting on NFTs and crypto-token-based decentralized autonomous organizations, or DAOs... but I've never found a killer app."
"The aftermath of the presidential election, however, has left me thinking about crypto's influence differently. Crypto is a technology whose transformative product is not a particular service but a culture."
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