{"id":5109,"date":"2022-03-22T06:37:21","date_gmt":"2022-03-22T05:37:21","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/03\/22\/the-casino-beckons-my-journey-inside-the-cryptosphere\/"},"modified":"2022-03-22T06:37:21","modified_gmt":"2022-03-22T05:37:21","slug":"the-casino-beckons-my-journey-inside-the-cryptosphere","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/03\/22\/the-casino-beckons-my-journey-inside-the-cryptosphere\/","title":{"rendered":"\u2018The casino beckons\u2019: my journey inside the cryptosphere"},"content":{"rendered":"

Not all cryptocurrency investors fit the cliches. Many are people looking to somehow claw their way out of a life of constant struggle<\/p>\n

I can\u2019t explain exactly how I ended up on crypto Twitter (or CT, as it\u2019s known in the cryptosphere) and in the crypto-focused Telegram and Discord groups I started lurking in late last summer. As a writer I don\u2019t really have a regular beat. I\u2019ve occasionally written about fiction and film. I\u2019ve written on the overlaps between the health and criminal legal systems. Crypto would not be an obvious story for me to tackle. But there was a bull run going on \u2013 market confidence was high, investors were buying and prices were going up \u2013 and whenever cryptocurrency values skyrocket, the corporate press turns up like a kettle of raptors spewing headlines about improbable fortunes. \u201cThis mom quit her job to focus on crypto full time and build \u2018generational wealth.\u2019 Now she makes around $80,000 per month.\u201d \u201cThis 33-year-old \u2018dogecoin millionaire\u2019 is now being paid in the meme-inspired cryptocurrency\u200a\u2014\u200aand continues to buy the dips.\u201d The subject was impossible to avoid, and my longstanding if until now private, nerdy interest in the machinery of our enigmatic financial markets propelled me toward it.<\/p>\n

At first I felt a little dirty, a little shameful. Everyone is in these spaces for one reason: to make money. It\u2019s a subject that remains uncouth to speak about in my wider professional and social milieu. Soon, though, my shame started to interest me. I stayed a little longer, thumbing through channels on the subway or in bed late at night. It\u2019s a kind of rubbernecking only the internet allows, providing near-full access to a subculture to which you don\u2019t belong.<\/p>\n

Continue reading…<\/a>
\nNot all cryptocurrency investors fit the cliches. Many are people looking to somehow claw their way out of a life of constant struggle
\nI can\u2019t explain exactly how I ended up on crypto Twitter (or CT, as it\u2019s known in the cryptosphere) and in the crypto-focused Telegram and Discord groups I started lurking in late last summer. As a writer I don\u2019t really have a regular beat. I\u2019ve occasionally written about fiction and film. I\u2019ve written on the overlaps between the health and criminal legal systems. Crypto would not be an obvious story for me to tackle. But there was a bull run going on \u2013 market confidence was high, investors were buying and prices were going up \u2013 and whenever cryptocurrency values skyrocket, the corporate press turns up like a kettle of raptors spewing headlines about improbable fortunes. \u201cThis mom quit her job to focus on crypto full time and build \u2018generational wealth.\u2019 Now she makes around $80,000 per month.\u201d \u201cThis 33-year-old \u2018dogecoin millionaire\u2019 is now being paid in the meme-inspired cryptocurrency\u200a\u2014\u200aand continues to buy the dips.\u201d The subject was impossible to avoid, and my longstanding if until now private, nerdy interest in the machinery of our enigmatic financial markets propelled me toward it.
\nAt first I felt a little dirty, a little shameful. Everyone is in these spaces for one reason: to make money. It\u2019s a subject that remains uncouth to speak about in my wider professional and social milieu. Soon, though, my shame started to interest me. I stayed a little longer, thumbing through channels on the subway or in bed late at night. It\u2019s a kind of rubbernecking only the internet allows, providing near-full access to a subculture to which you don\u2019t belong. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Not all cryptocurrency investors fit the cliches. Many are people looking to somehow claw their way out of a life of constant struggle I can\u2019t explain exactly how I ended up on crypto Twitter (or CT, as it\u2019s known in the cryptosphere) and in the crypto-focused Telegram and Discord groups I started lurking in late …<\/p>\n

\u2018The casino beckons\u2019: my journey inside the cryptosphere<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":5110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5109"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=5109"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/5110"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=5109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=5109"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=5109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}