What a cringe photo shoot really tells about the state of the crypto industry

The crypto world feasts on gossip and last week it enjoyed an extra helping in the form of a Vanity Fair article. The piece, titled “Crypto’s True Believers Demand to Be Taken Seriously,” featured lavish photos of prominent industry figures swooning around New York’s Nine Orchard hotel in far-out outfits that cost more than your mortgage payment. The article elicited predictable scorn and contempt from those outside the crypto world. Those inside it, meanwhile, bashed the dastardly media while...