# Digital Alchemy: A Post-Mortem of the Crypto Crash

<https://www.lynalden.com/digital-alchemy/>

- Host: [lynalden.com](https://links.thingelstad.xyz/hosts/lynalden.com/)
- Saved: May 19, 2022 (2022-05-19T11:09:23Z)
- Record: https://links.thingelstad.xyz/links/d223fbf5ea2c/
- JSON: https://links.thingelstad.xyz/links/d223fbf5ea2c.json

## What Jamie wrote

Alden is incredibly smart on nearly any financial topic, and this is no exception. This reads more like a love letter to Bitcoin, but her overall points are strong. Her summary of the TerraUSD meltdown is very approachable. I personally had avoided Terra and Luna because of the structure of the stablecoin and the use of Bitcoin as a backing asset. There is just too much correlation. I think her basic point that only a few of these ecosystems will survive over the long term is true. I also think her grouping of all organizations that have foundations in the middle as bad is overly general. Overall a good read and very insightful.

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

## Appears in

- [WT220: Weekly Thing #220 / Ukraine DAO, Nouns, Icebergs](https://weekly.thingelstad.com/archive/220/), Notable

## Same host

- [Bitcoin’s Energy Usage Isn’t a Problem. Here’s Why.](https://links.thingelstad.xyz/links/72d506b2bce1/) (lynalden.com, September 22, 2021)
- [Proof-of-Stake and Stablecoins: A Blockchain Centralization Dilemma](https://links.thingelstad.xyz/links/14f9d52d59fe/) (lynalden.com, December 5, 2021)
- [A Look at the Lightning Network](https://links.thingelstad.xyz/links/23a88cdc0d63/) (lynalden.com, September 1, 2022)
- [The Problems with DeFi & Crypto](https://links.thingelstad.xyz/links/bbd4ac796a8a/) (lynalden.com, January 5, 2023)
- [How the Fed "Went Broke" - Lyn Alden](https://links.thingelstad.xyz/links/619150d75e9e/) (lynalden.com, February 8, 2023)

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- [Proof of Stake and our next experiments in web3](https://links.thingelstad.xyz/links/754c61ae3a93/) (blog.cloudflare.com, May 19, 2022)
- [Laurence Tratt: Using a "Proper" Camera as a Webcam](https://links.thingelstad.xyz/links/fd9a58faf1b7/) (tratt.net, May 19, 2022)
- [Taking a Break from Social Media Makes you Happier and Less Anxious](https://links.thingelstad.xyz/links/b8580cae89bd/) (calnewport.com, May 19, 2022)

## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/https://www.lynalden.com/digital-alchemy/