New World New Assets — The Cryptocurrency Dawn

In a world where the old rules of employment and the economy no longer apply, why should our faith in old assets?

Patrick Tan
The Dark Side
Published in
10 min readOct 2, 2019

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Robert Dirsch carefully combed back the mane of his Percheron, a horse prized in the late 19th century in America for its strength and more importantly, its willingness to work.

They’ll do zero to sixty in as long as it takes them to. (Image by jarvy from Pixabay)

On a bright sunny fall morning in rural Pennsylvania, Dirsch, the son of immigrants from the Bavarian region of Germany where his family had bred horses for farm work for generations, was absorbing the rural splendor of the pastoral scene.

Like his father before him and his grandfather, Dirsch was a hardworking horse breeder and the Percheron that he was tending to had been shipped over from the Old World, to be used as a stud.

Though it was hard work, Dirsch loved horses and he loved living off the land, as generations before him had once done in Bavaria.

So when a noisy, smoky contraption clanged its way into Strasburg, Pennsylvania, on an idyllic autumn morning in 1890, the advent of that new technology piqued his interest.

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Patrick Tan
The Dark Side

General Counsel for ChainArgos, the blockchain intelligence firm made famous for breaking the story that BUSD was unbacked by US$1.4bn