Longreads

Perhaps you are a person who thinks that money comes to those who work hard, to those who are smart, or even just to those who are lucky. Perhaps you think that money should be centralized with those who have been successful in business, or perhaps it should be divided equally among a country’s citizens. Perhaps you think people should receive a universal basic income, or free health care or education. Perhaps you have some kind of theory about who deserves money and who doesn’t. Well, buckle up, because everything you thought about money — how it’s made, how it’s spent, and who deserves it — is getting thrown out the window.

“The wealth is intoxicating news, feverish because it seems so random,” writes New York Times tech reporter Nellie Bowles about the most recent tech bubble: the boom in cryptocurrency. It’s a gold rush of new technology that hasn’t…

View original post 332 more words

Advertisements