2021/11/27

Crypto and the Trauma of the 2008 Global Financial Crisis

“With crypto we’ve decided to do the most American thing ever, to commoditize our rage at the financial system into a financial product. After all, we’re just temporarily embarrassed millionaires and the only problem with CDOs wasn’t the moral hazard, but that you didn’t have a piece of the action.”
– Software engineer Stephen Diehl, linking crypto to the trauma of the 2008 Global Financial Crisis
Metadata: People: / Contributors:
$40 USD