A paradox: decentralization evangelists, now up against the gravity of system risk. When "too connected to fail" applies to stablecoins, we’re forced to admit: every disruptive technology becomes public infrastructure or scapegoat. No way around collective consequences.

Oh it’s only a matter of time until we see rust belt “oh the poor whites!”NYT interviews with those who lost it all on crypto, followed by GOP-sponsored bailout legislation

Just when you thought this idea couldn’t get any dumber

Cryptocurrency is a scam. It’s based on nothing.