Summary
Blockworks’ opinion page has compiled a list of the most contentious and passionate takes on the events that unfolded in the crypto industry in 2023. Some of the highlights include Senator Elizabeth Warren’s criticism of crypto, the comparison of Sam Bankman-Fried’s antics to reality show contestants, the absurdity of an NFT selling for millions of dollars, Ripple’s transformation from a joke to a heroic figure, the toxic reliance on Crypto Twitter, the collapse of smaller American banks, the importance of collaboration on Discord, the difficulty of explaining one’s job in crypto, and the privacy concerns surrounding Worldcoin’s eyeball scanning technology.
Key Points
1. Senator Elizabeth Warren criticized crypto and declared that she was building an “anti-crypto army.” A think piece by one of her constituents asks Warren to reconsider her treatment of an industry that has been a safe haven for those excluded from other parts of the workforce.
2. The author compares the antics of former FTX CEO Sam Bankman-Fried to fame-hungry reality show contestants and suggests that Congress should not give up on legislating crypto towards a happier ending.
3. A digital, abstract rendering of a goose sold as an NFT for over $6 million at Sotheby’s raises the question of whether we are more like a critic who dismisses unconventional art than we realize.