It took several days — and a few sections floated past me without comprehension — but what a treat it was to take in Matt Levine’s 40,000-word feature “The Crypto Story”, which took up an entire recent issue of Bloomberg Businessweek. Liked this bit:
Crypto, in its origins, was about abandoning the system of social trust that’s been built up over centuries and replacing it with cryptographic proof. And then it got going and rebuilt systems of trust all over again. What a nice vote of confidence in the idea of trust.
Levine’s “Money Stuff” newsletter is one of my favorite finds of 2022. Consistently entertaining, informed, and in-depth. Not sure how he does it, and so frequently.