The #PremierLeagueOfBondThemes table as we enter Matchday 5. OHMSS has been treated shamefully so far, but surely it will chalk up its first win against Another Way to Die (you should have at least tried to find some rhymes for Quantum of Solace you cowards!) Vote below...

#PremierLeagueOfBondThemes Matchday 5
#PremierLeagueOfBondThemes Matchday 5
#PremierLeagueOfBondThemes Matchday 5
#PremierLeagueOfBondThemes Matchday 5
#PremierLeagueOfBondThemes Matchday 5
#PremierLeagueOfBondThemes Matchday 5
#PremierLeagueOfBondThemes Matchday 5
#PremierLeagueOfBondThemes Matchday 5
#PremierLeagueOfBondThemes Matchday 5
#PremierLeagueOfBondThemes Matchday 5
#PremierLeagueOfBondThemes Matchday 5
#PremierLeagueOfBondThemes Matchday 5
(Key to track titles which aren’t named after the film
Nobody Does it Better=Spy Who Loved Me
Writing’s on the Wall=Spectre
All Time High=Octopussy
We Have all the Time in the World=secondary theme OHMSS
Another Way to Die=QoS
You Know My Name=Casino Royale)

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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.


The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.

This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.

The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."

This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.