Listen now | This week’s episode with writer Matt Stoller takes us to that million-dollar question (probably more than a million-dollar question, actually): Is crypto just a scam Can’t we apply all of the negatives of crypto to fiat currency? Isn’t it all made-up on some level? Matt argues that the governmental institutions that support fiat currency, as well as its societal usage, draw an important distinction between, say, the dollar and the bitcoin. He also responds to the contention that crypto’s strengths lie in its decentralization and frictionless transfer by making the case for a stronger U.S. banking system in general. There’s nothing necessary or unavoidable about the woes of our financial system, which he traces to corruption.
I love you guys and usually agree with your politics and viewpoints. However, the crypto discussion with Matt was a strong case of extreme confirmation bias.
Crypto is not a Ponzi scheme. SBF via FTX and his other organizations was running a Ponzi scheme, and fucked over the exchange customers.
All “currency” is conceptual and only has value to which society implicitly agrees to. Crypto is like virtual gold. And only a small segment of society agrees on its value (so far).
Mark seems to have a rudimentary understanding of crypto and blockchain technology, but a lack of understanding as to its potential.
Many people can safeguard their investments by removing their crypto from the exchange and locking it away in “wallets”. However, many people choose to leave their crypto on the exchange they use to purchase it which leaves them vulnerable to crooks like Sam.
I encourage you to have someone on the show who truly understands crypto and can speak to it with an unbiased viewpoint.
It’s not right for everyone, but neither is gold, silver, diamonds, treasuries, futures contracts, precious art, etc.
Can Kyle please never say mushroom c*ck and drain Trump b*lls ever again that would be great!
I never got the video of this one.
Well done!
I love you guys and usually agree with your politics and viewpoints. However, the crypto discussion with Matt was a strong case of extreme confirmation bias.
Crypto is not a Ponzi scheme. SBF via FTX and his other organizations was running a Ponzi scheme, and fucked over the exchange customers.
All “currency” is conceptual and only has value to which society implicitly agrees to. Crypto is like virtual gold. And only a small segment of society agrees on its value (so far).
Mark seems to have a rudimentary understanding of crypto and blockchain technology, but a lack of understanding as to its potential.
Many people can safeguard their investments by removing their crypto from the exchange and locking it away in “wallets”. However, many people choose to leave their crypto on the exchange they use to purchase it which leaves them vulnerable to crooks like Sam.
I encourage you to have someone on the show who truly understands crypto and can speak to it with an unbiased viewpoint.
It’s not right for everyone, but neither is gold, silver, diamonds, treasuries, futures contracts, precious art, etc.
Keep creating thoughtful content!
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