Why Crypto Needs Institutions

Most cryptocurrency pioneers would not call what they’re building “institutions.” The term reeks of centralization — it’s too unsexy. (Except when it’s “institutional capital”, then it’s welcomed with open arms.)

In a recent debate between Paul Krugman and Katie Haun on cryptocurrencies, Krugman is asked why he rejects the decentralized vision behind cryptocurrencies. He responds:

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