Frogs, Fevers and Fees: Bitcoin’s New Governance Challenge

Frogs, Fevers and Fees: Bitcoin’s New Governance Challenge

This is why we can’t have nice things.

Just when we thought we’d learned our lessons from the blowups of FTX, Three Arrows Capital, Celsius et al., meme-coin fever strikes again.

Crazy crypto casinos are back! People are making ridiculous gobs of money from tokens based on a frog image, while others stand to lose massively as irrational bidding takes hold. And this time, the fever is not only infecting greedy human minds, but messing with the functioning of the most valuable blockchain in the world.

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