Essential reading for anyone playing—or thinking of playing—in the crypto sandbox.
A cautionary tale about the (frequent) pitfalls and (infrequent) profits in the cryptocurrency game.
Borrowing a page and title from Anthony Bourdain’s Kitchen Confidential, Austin-based “crypto insider” Eliason delivers the same sort of behind-closed-doors exposé of how things really work, in this case the shadowy world of cryptocurrency. He opens with a personal tale, chronicling how he watched aghast as the trading operation he’d put into place was hacked by a potential blackmailer. The hacker had something to work with, a nice pot of digital money that Eliason had assembled, and which represented early success: “A year earlier, I never could have dreamed of making this kind of money.” Blame it all on his desire to learn how to code and then realizing that other coders weren’t slogging at 9-to-5 jobs but instead gambling on crypto and making considerable, if often evanescent, fortunes. As Eliason and many other tech writers have shown, crypto is a gamble, one based on riding a boom until just before it busts and then selling while the selling is good. There’s plenty of potential left in crypto, argues the author, especially given the inherently liberating possibilities of blockchain technology. There’s also all the risk inherent in praying that the “greater fool theory” will hold long enough for the investor to make a few bucks—or a few million bucks—in the crypto marketplace. Eliason’s anecdotes are both entertaining and instructive, and unlike many books on Bitcoin et al., this one doesn’t require background in either computers or economics. More useful, and worth the price of admission, are his notes on the warning signs of disaster, one in particular being “when you think you’ve figured out the game and you’re about to get insanely rich.”
Essential reading for anyone playing—or thinking of playing—in the crypto sandbox.Pub Date: July 9, 2024
ISBN: 9780593714041
Page Count: 304
Publisher: Portfolio
Review Posted Online: June 14, 2024
Kirkus Reviews Issue: July 15, 2024
Highly instructive for would-be tycoons, with plenty of entertaining interludes.
Well-crafted memoir by the noted media mogul.
Diller’s home life as a youngster was anything but happy; as he writes early on, “The household I grew up in was perfectly dysfunctional.” His mother lived in her own world, his father was knee-deep in business deals, his brother was a heroin addict, and he tried to play by all the rules in order to allay “my fear of the consequences from my incipient homosexuality.” Somehow he fell into the orbit of show business figures like Lew Wasserman (“I was once arrested for joy-riding in Mrs. Wasserman’s Bentley”) and decided that Hollywood offered the right kind of escape. Starting in the proverbial mailroom, he worked his way up to be a junior talent agent, then scrambled up the ladder to become a high-up executive at ABC, head of Paramount and Fox, and an internet pioneer who invested in Match.com and took over a revitalized Ticketmaster. None of that ascent was easy, and Diller documents several key failures along the way, including boardroom betrayals (“What a monumental dope I’d been. They’d taken over the company—in a merger I’d created—with venality and duplicity”) and strategic missteps. It’s no news that the corporate world is rife with misbehavior, but the better part of Diller’s book is his dish on the players: He meets Jack Nicholson at the William Morris Agency, “wandering through the halls, looking for anyone who’d pay attention to him”; hangs out with Warren Beatty, ever on the make; mispronounces Barbra Streisand’s name (“her glare at me as she walked out would have fried a fish”); learns a remedy for prostatitis from Katharine Hepburn (“My father was an expert urological surgeon, and I know what I’m doing”); and much more in one of the better show-biz memoirs to appear in recent years.
Highly instructive for would-be tycoons, with plenty of entertaining interludes.Pub Date: May 20, 2025
ISBN: 9780593317877
Page Count: 352
Publisher: Simon & Schuster
Review Posted Online: May 12, 2025
Kirkus Reviews Issue: June 15, 2025
SEEN & HEARD
SEEN & HEARD
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
SEEN & HEARD
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