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Crypto’s bad incentives are dying

Financial Times LogoFinancial Times1w ago

Crypto’s bad incentives are dying - Financial Times

Quick Summary:

Perhaps fittingly, the man who created Dogecoin as a joke has gone on to become a vocal crypto sceptic.

This is an industry where a person can copy some code, superimpose the image of a good doggy on a yellow background, and create $90bn of apparent market value (at all-time highs).

These incentives have, unfortunately, held the industry back from focusing on creating actual, real utility.


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Article Details

Author / Journalist: Jill Gunter

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 05:00:26 (1 weeks ago)

News Timezone: GMT -5:00

Ranking: #30 (out of 2581 stories this day)

News Source URL: ft.com

Language: English

Article Length: 1021 words

Reading Time: 6 minutes read

Sentences: 49 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 1902355

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 18 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 20 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

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The outlet is headquartered in United States and publishes an average of 18 news stories per day.

It's most recent story was published 20 hours ago.

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