Crypto has built a toy financial system and had a toy financial crisis; in order to work in the long run it has to prove its real usefulness outside of finance (Matt Levine/Bloomberg)

Matt Levine / Bloomberg:

Crypto has built a toy financial system and had a toy financial crisis; in order to work in the long run it has to prove its real usefulness outside of finance  —  On Oct. 25, Bloomberg Businessweek published “The Crypto Story,” a cover-to-cover issue of the magazine that I wrote about what crypto is and what it all might mean.