Perhaps you, like I, have previously attempted to untangle the dense vocabulary inherent to the “crypto” or cryptocurrency or “Web3” space. Maybe you have read Kevin Roose’s guide in the New York Times, or a version of Roose’s essay edited to add context and remove puffery on Molly White’s website, or Rusty Foster’s explanation of Terra; maybe you watched Dan Olson’s video. Maybe you, like I, have done all of those things and only wish there was something much longer to ingest.
Well, good news: the current print issue of Bloomberg Businessweek has been dedicated to a single essay by Matt Levine about how all of this came to be. Yes, it is very long. But it is a Matt Levine piece, so it is also very readable, entertaining, and clearheaded. This is not a critique of the crypto space, nor does it promote those efforts. I am not sure it is truly neutral; nothing is. What it is is a self-contained encyclopedia of that entire world. Good luck.