This is the last thing any normal person wants to figure out. You must.

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily.

For years, many people have harbored a secret question: What actually is cryptocurrency? Maybe they understood it in some sense—money that existed via some unhackable code?—but they didn’t really get it. Some of us at Slate didn’t get it, frankly! Perhaps you didn’t really get it either. The thing was, for a long time, you could get by in society without really understanding crypto.

Now, in America, that’s no longer true. Crypto is in ascendance—and to understand what it is, and how it works, is foundational to understanding the great American scam that’s currently playing out…

Source link