Skip to content

This week in crypto: the liminal state

Harry Hamburg
Harry Hamburg
4 min read
This week in crypto: the liminal state
Here's what I got when I typed "crypto chrysalis" into Dall-E mini

Do you know what liminality is?

I certainly didn’t, when I first heard someone say it on a podcast a couple of years ago.

It basically means being in-between two stages, phases, eras.

Here’s how Chip Conley put it that podcast.

Liminal is sort of right there and it’s sort of in between two things, it’s the transition that frankly, a caterpillar to a butterfly, the cocoon is the liminal state. People don’t like to be in a liminal state. When you’re a kid, you’re used to it because everything’s in between.
You know, going from crawling to walking, going from pre-puberty to an adolescent and teenager. But when you’re an adult, you don’t like to be liminal and yet we have all these transitions in midlife that actually make us feel liminal.

I remember listening to it and writing down, “people don’t like to be in a liminal state”.

I know I really don’t.

When that podcast came out, I was in a major liminal state, having just gone freelance, moved cities and bought a house… all in the same month. So maybe the idea struck me more than it would most.

But here’s the thing, liminality doesn’t just apply to individuals. It can also apply to industries, politics, even whole societies.

From Wikipedia:

During liminal periods of all kinds, social hierarchies may be reversed or temporarily dissolved, continuity of tradition may become uncertain, and future outcomes once taken for granted may be thrown into doubt. The dissolution of order during liminality creates a fluid, malleable situation that enables new institutions and customs to become established.

The whole world is in a liminal state right now

The reason I’m bringing this up, aside from it being interesting, is that it’s very relevant to the world of crypto today.


Related Posts

Members Public

This month in crypto: “one trillion dollars…”

Well, the big news this week is that Bitcoin has done a Dr Evil and hit a $1 trillion market cap for the first time since December 2021. In fact, as I type this, Bitcoin’s price is around $52,000, which is only about 24% off its all-time high

This month in crypto: “one trillion dollars…”
Members Public

Vitalik, vampires and the birth of Decentralised Finance

Here’s something that could only happen in crypto. A guy gets fired from his job, stumbles on a random reddit post, learns to code… and one year later creates the most important decentralised finance project in history. How important? Well, since its inception in 2018, it’s handled roughly

Vitalik, vampires and the birth of Decentralised Finance
Members Public

This month in crypto: US Bitcoin ETFs banned in the UK

It finally happened. After 10 years, countless court cases, and a regulator 100% opposed to crypto, America finally got its first spot-price Bitcoin ETF. Actually, it got 11. Most of them are already live and within five days two of them – Blackrock’s and Fidelity’s – have more than $1