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A Normie’s Guide to Becoming a Crypto Person (and down the rabbit hole)

New York Mag | Sara Harrison | Nov 30, 2021

Normies guide to becoming a crypto person - A Normie’s Guide to Becoming a Crypto Person (and down the rabbit hole)You’ve managed to willfully ignore crypto for the past some-odd years, but all of a sudden it may feel as if the blockchain is closing in on you. Your 401(k) provider is rolling out a bitcoin option, your friend just made an NFT in Microsoft Paint and sold it for $14,000, and even your mayor-elect is supporting a citywide cryptocurrency. (And did Dad just say “NGMI” in the family group chat?)

To an outsider, crypto may mostly seem like a bunch of Patagonia-vest-clad bros out to make a quick buck at the expense of the environment. This is not entirely wrong, but the landscape today is unrecognizable from its inception in 2009 and even from before 2020, the year NFTs first exploded.

See:  NCFA's Fintech Confidential Magazine (Oct 2021)

While some corners of the crypto world are still toxic and absurd, it’s also a fascinating and (strangely) optimistic place — where a global army of people with competing philosophies, living mostly on Twitter and Discord, all in some way believe crypto will fundamentally remake the world (and, in the process, everything we believe about value, money, and the internet).

This is a guide to actually understanding that universe, whether you simply want to sound literate at a dinner party, know the difference between a bitcoin maxi and an NFT scenester, angle for a promotion by showing off more tech fluency than your boss, or leave your PR job to become memer-in-chief at a new coin exchange.

See:  NCFA Collection of Fintech industry reports and research

1. At the very least, pick up some basic cryptospeak.

APE, BAGS, DAO, FUD, MOON,NOCOINER OR NORMIE,PROOF OF WORK, PROOF OF STAKE, RUG PULL, WAGMI, WEB2, WEB3, WHALE, WHITE PAPER

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NCFA Jan 2018 resize - A Normie’s Guide to Becoming a Crypto Person (and down the rabbit hole)The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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