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The 2020 crypto boom changed how money works on the internet by creating a grifter capitalism that spreads across social media, not by winning people over to Bitcoin and blockchains.

Drawn from what Ryan Broderick said

What these subjects mean

social media Feeds and the platforms that rank them: what an algorithm decides is important, and what curating your own sources costs.

capitalism Markets as a system rather than a market: what it is for, what it costs, and what people mean when they say they are retiring from it.

What Ryan Broderick actually said

  1. Ryan Broderick Founder and writer of Garbage Day
    It turns out the 2020 crypto boom did fundamentally change the way money worked on the internet, just not in the way its biggest evangelists had hoped. Instead of convincing the general population to embrace Bitcoin and blockchains, it created a new form of grifter capitalism that is spreading across social media

Added to korrents 24 Oct 2026 · How quotes work · Something wrong? Tell us

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