Bitcoin Songsheet: Altcoin Delusions And Naivete Today

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“Can you review our white paper?”

I was at my first altcoin conference, in Los Angeles. It felt strangely appropriate because whitepapers in “crypto” are the equivalent of movie scripts in Hollywood. Everybody has a crappy one that they’re desperate to get people to read.

“You do realize I think these things are scams, and I’m not going to spare your feelings. Also you can’t use my name or likeness, I’m just going to review the paper and tell you all the things that are wrong with it. But if you’re still interested, my rate is $$$ per hour.”