Can Peace Last Between Crypto’s Visionary Rivals?

By yielding a generational wealth creation opportunity that was a strange hybrid of a lottery jackpot and self-made fortune, crypto created an ideological hold on its early entrepreneurs and workers. It had all the euphoria of a gold rush and all the self esteem of high tech meritocracy.

McKenzie is probably right. These two billionaires debating the future of money aren’t exactly in the mix for nomination to the Federal Reserve Board of Governors. But Silicon Valley’s motto isn’t “slowly acquire expertise and fix things.” Blockchain is new, and it’s exciting to engineers, so things are going to get broken. Unfortunately for all of... See more

In March 2020, a Silicon Valley engineer named Anatoly Yakovenko launched a new and better blockchain that offered a solution to maybe Bitcoin’s biggest weakness as a means of exchange: it was way too slow. Bitcoin could only validate seven transactions a second. The new Solana blockchain promised to process up to sixty-five thousand transactions a

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