Overview

In 1889, thousands of men lined up along the Oklahoma border to race towards their new plot of land. On May 21, 1980, moviegoers camped all night to see The Empire Strikes Back. In 2009, the Bolivian government passed legislation to distribute land and natural resources back to Indigenous people. A race, a queue, a vote; people throughout history have chosen to interact in ways that were not through financial markets. More recently, however, we're moving towards distributing everything in a maximally profitable, financially efficient manner. Crypto is the final frontier of this transition. The core thesis of this book is that neutrality and financialization are failures. Cryptocurrencies are pushing the financialization of everything, sacrificing distribution decisions to the global and ""neutral"" systems that are code and markets. Unstoppable Markets explains why this is not working out. A fictional narrative of a crypto founder weaves through the book, creating context for each chapter that analyzes a new crypto-specific market failure. Through stories and historical examples, the author examines market design, hyper-financialization, and the quest for neutrality through code. The book uses engaging and accessible frameworks to explain the technological and economic principles that build the foundation of the book. This is the insider critique of the fundamental economic underpinnings of the entire crypto industry. Hinting at broader political lessons, the stories and historical backing of the arguments help to persuade even the most rigid of market supporters that crypto represents the free market's ultimate trial and failure.

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9798996381906

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Reviews

""Of all the people I know in the space, Nick is one of the few that truly gets it. Not only gets it, but builds it. An important book."" - Thomas Jay Rush, Founder Trueblocks ""An inside look at the evolution of crypto from an OG founder's point of view, full of compelling takes on decentralization and the ethos of the space. Required reading for degens and normies alike."" - Nate, Founder Token Dynamics ""An incredibly profound work that reshapes how we think about markets and crypto."" - Dr. Lihong Lu

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