Worse Than Tulips? Enduring Misconceptions About Crypto Assets

The authors of a new book explain what mainstream financial pundits still don’t grasp about this space – even if the markets are starting to get it.

…This has been a breakout year for crypto assets, but not so long ago we were thickly in “blockchain, not bitcoin” season.

When we began work on our book, the consensus play seemed to be stripping the native assets out of blockchains and privatizing these originally open networks.

With the book, we set out to make a stand for public blockchains as the more important innovation, to confront the misguided (and persistent) claim that crypto assets are elaborate scams, and to reassure macroeconomists that not all crypto assets are currencies…

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