I have come to view cryptocurrencies not simply as exotic assets but as a manifestation of a magical thinking that had come to infect part of the generation who grew up in the aftermath of the Great Recession — and American capitalism, more broadly.
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While the traditional web-based architectures that have predominated in the first decades of the 21st century are built upon pre-existing societal and economic structures, cryptocurrencies and the blockchain represent an entirely new ecosystem of human transaction.
These bold claims are made with no substantiation e.g. "blockchain represent an entirely new ecosystem ..."
Note, that i would argue that it was the internet (and its costless copying) that was by far the more substantive transformation.