That’s what fuels the fever running through it all.
I think they’ve looked in the wrong place.Īll that talk of computer science, monetary policy and regulation is important, but there’s also something else about bitcoin and specific to it, something fundamental and visceral, deep in the human condition. Often older, they do not get the fervor of the traditionally young-adult devotees. They do not get the surge of the industry or the vivacity of the community. Even those who learn the technical details often remain unmoved and befuddled. Over the years, I’ve met many who have a hard time grasping cryptocurrency and blockchain, and I don’t mean they can’t understand how everything works on an intellectual level. But where our conclusions differ is that I have never considered the comparison an insult. Many observers have, of course, said the same. When I invested in bitcoin in 2013, it was, perhaps, only natural, for that world felt like a new Wild West. The show, about a carefree cowboy who draws his gun faster than his own shadow, sparked in me an enduring fascination with the old frontier. Growing up in the 1990s, I watched a lot of this cartoon called Lucky Luke.
Ethan Lou is the author of Once a Bitcoin Miner: Scandal and Turmoil in the Cryptocurrency Wild West, which will be published on Tuesday.
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