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How Crypto Could Be Like the Music Industry

Posted by Tyler Cowen on Wednesday, January 5, 2022, In : Technical Analysis 

Crypto could be a lot of fun.

The future of cryptocurrency could depend on whether people focus on the artist, the label or the venue.

To envision the future of crypto, I keep trying different analytical tools. This time around the concept of relevance is focality, by which I mean the part of the system at which consumers direct their attention. Focality could determine whether crypto ushers in an era of dystopian inequality, or whether most of its benefits accrue to broader society.

That all sounds quite abstract, so consi...


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