How To Cut Through The Crypto Noise

Will we soon be paying for breakfast in Bitcoin, using dollar notes as Monopoly money, or are we on the verge of a bubble that’s about to explode?

I’ve never bought any crypto, but the more time passes, the more I’m experiencing FOMO. Is this my rational brain sensing something promising ahead, or my emotional brain scared of not doing what everyone else seems to be doing?

It’s tough to form an opinion on cryptocurrencies. There’s a lot of noise in the discourse online, and it’s challenging to find trusted sources. Many big names in tech promote crypto. But are they genuine, or are they playing a speculation game? Basically, doing PR for whatever coin or startup they just invested in?

In a case like this, it helps to apply a dialectic inspired process. Take some of the best arguments in favor and against a topic and clash them. Look for contradictions and ideas that stand on their own feet, regardless of which side brought them forward.

An argument against crypto I came across recently is Ezra Klein’s interview with Dan Olsen about the topics of his video essay Line Goes Up.

On the other end of the spectrum, Balaji Srinivasan is one of the most articulate defenders of crypto and Web3. His interview on The Knowledge Project podcast is a good place to start.

Finally, this conversation with Ethereum’s creator Vitalik Buterin and investors Naval Ravikant and Haseeb Qureshi dives into interesting technical details.

I won’t tell you where I stand after listening to those podcasts. The whole point of the exercise is for one to form their own opinion.

If you want to chat more about crypto (or anything else), get in touch on Twitter. And if you have similar well-thought, high-signal conversations to recommend, please send them my way. There’s always more to learn.

Photo credits: Kanchanara via Unsplash. Modified by author.

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