Web3: A VC-funded gig economy of securities fraud
One of the things that came out of climate change was the concept of the &quot;inevitable policy response&quot;.<p>Basically if you recognize that coal is poisoning people for no societal benefit, then it can carry on via momentum for a while, insiders can prop it up for longer than it should, but eventually it&#x27;ll get crushed and you don&#x27;t want to be holding the bag when it does.<p>As far as I can tell, that applies to most crypto. I&#x27;m sure there&#x27;s cool uses, but mostly it seems a way for people to make money from the people who will be caught out when it shuts down.<p>So the obvious question is, how do you do a &#x27;big short&#x27; on this?