I learned a lot of cool things while researching this week’s post, the theme of which is helpfully illustrated above.
There seem to be few things that people love more than the prospect of getting rich quickly–the problem is that once most people realize that it’s possible, the opportunity has passed and all that is left is sadness and empty bank accounts.
- All sock puppets go to heaven. Or something. People got silly with venture capital between 1999 and 2000 (CueCat, anyone?).
- Paul Ford’s piece about Bitcoin and blockchain is fascinating–and a bit worrisome, too. I’m not a stupid person and I keep trying to understand cryptocurrency and how it’s created and I keep on not getting it. I know that money is a construct, but this seems like it’s post-constructed. Or something.
- And if I, a reasonably intelligent person, have a hard time understanding cryptocurrency, imagine all the other people out there getting ripped off because some huckster has convinced them it’s a good investment.
- Other virtual currencies: Dogecoin and my personal favorite, Lindens.
- Bitcoin and other cryptocurrencies aren’t the only bubbles about things that didn’t exist: there’s swampland in Florida, tulips in Holland, and riches from South America (featuring Sir Isaac Newton!).
- These bubbles are much nicer.