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Longer Reads provide in-depth analysis of the ideas and forces shaping politics, economics, international affairs, and more.
Bitcoin and Beyond
From the growing attention to Bitcoin and "decentralized finance" to the latest excitement spurred by non-fungible tokens, the crypto economy is here to stay. But will it develop the social consensus and institutional arrangements needed to go fully mainstream?
https://prosyn.org/b0271Z4
CAMBRIDGE – What is money? Some have described it as a shared fiction, or as a form of collective memory. To document and facilitate transactions between parties, we have relied on everything from seashells and rare metals to strips of paper and – more recently – entries in digital ledgers.