In the past, building a market required users, products, all that mess—farmers taking their plump pigs to market. What we have now is a means of spinning up any number of auctions, a method for the mass manufacture of middlemen. This is the destiny of Silicon Valley. And with ICOs and Bitcoin exchanges, we have a marketplace to value marketplaces. What in Galt’s name could be wrong with that? We’ve never (surveys vast tracts of empty Florida homes) had trouble before.

Note from Bitcoin Is Ridiculous. Blockchain Is Dangerous

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