Understanding the crypto crash
Episode 73 Sneak Peek
Last week was a week of upsets for the crypto world — posing an opportunity to ask if this decentralized, digital currency poses a viable alternative to the banking systems we have in place today. We’ll be digging into this topic with Ryan Cooper, managing editor at the American Prospect, who’s written extensively about cryptocurrencies and covered last week’s tumult in this piece below:
Critics of cryptocurrency are using this moment to reiterate observations they’ve made about its faults: Just because crypto is decentralized, disconnected from the corrupt banking system its proponents rightfully take aim at, doesn’t mean that it hasn’t allowed the richest people from that system to continue to prosper. From celebrities hawking NFTs to the current situation, in which regular people will take the biggest blows from crypto crashes while wealthier folks ride it out, can anyone argue that the blockchain offers something better? What alternatives are there?
We’ve got big questions for this week’s guest, and we hope you’ll stick around and join us for his answers. Paying subscribers will have access to the video conversation when it’s released on Friday night. Everyone can listen to the podcast on Saturday through Spotify, Pandora, Apple Podcasts, and other major streaming services.