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This article originally appeared in Bitcoin Magazine’s Censorship Resistant Issue.” To get a copy, visit our store.

The internet loves to trade. Doesn’t matter what. Doesn’t matter why. Doesn’t matter how. Over the last decade, exchange has become a medium through which community is created online. Depop, WallStreetBets, Buying/Selling groups, NFT discords; these are novel online spaces where the line between market and social group is as thin as the member count is large. Through the growth of these exchanges, economies emerge, and with these new economies come new systems of value. Sometimes there is little antagonism between these systems and the larger economies within which they exist. The value of shoes for example, while subject to considerations of hype, narrative and rarity, is still interpreted in relation to money. Sometimes however, the animosity is palpable. Sometimes it’s the point. And sometimes it gets big enough that the world, whether it wants to or not, is forced to contend with it.

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