Tibor Fischer

Like it or not, cryptocurrency is here to stay

CoinMarketCap now lists more than 18,000 cryptos - and the new billionaires are the laptop nomads who can work anywhere there’s a reliable internet

Vitalik Buterin, the Russian-Canadian wunderkind behind Ethereum. [Alamy] 
issue 09 April 2022

There was a time when you could read a book to keep up to date about a subject. Well, that’s over. If a week is a long time in politics, in crypto it’s like a geological period. By the time a book on crypto hits the shelves it needs to be in the ancient history section.

The Cryptopians is an attempt to sum up ‘the first big cryptocurrency craze’ by Laura Shin, a financial journalist who writes for Forbes and who has a successful crypto podcast. Its scope is the first decade of crypto, from the creation of Bitcoin to the current frenzy of DeFi (Decentralised Finance) and NFTs. But the core of the book is the story of Ethereum and its coin ether, the number two crypto in terms of market cap, and arguably more important than Bitcoin because of its smart contract functionality that has sired DeFi and jpegs of rocks selling for millions.

Comments

Join the debate for just $5 for 3 months

Be part of the conversation with other Spectator readers by getting your first three months for $5.

Already a subscriber? Log in