Tech Won't Save Us19 Touko 2022

(Un)Stablecoins and the Crypto Crash w/ Bennett Tomlin

Paris Marx is joined by Bennett Tomlin to discuss last week’s crash of Terra and Luna, the problems with stablecoins, and whether this collapse will finally force regulators to take action on cryptocurrency.Bennett Tomlin is a co-host of Crypto Critics’ Corner and writer of the FUD Letter. Follow Bennett on Twitter at @BennettTomlin.Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.Find out more about Harbinger Media Network at harbingermedianetwork.com.Also mentioned in this episode: Paris wrote about the Terra/Luna collapse and why we can’t let those who promoted crypto scams escape blame for their actions. Bennett references George Soros’ attack on the British pound in 1992, also known as Black Wednesday. Do Kwan was behind the failed Basis Cash stablecoin. Vitalik Buterin backed a proposal for an FDIC-like response to rescue “small holders” who lost money in the Luna collapse. Investors recently pulled $7 billion out of Tether, which still won’t be open about its reserves. It was hacked in 2017. FTX CEO Sam Bankman-Fried described yield farming as a Ponzi scheme. Justin Sun has already launched a copycat of the failed Terra algorithmic stablecoin. The Verge did a deep dive on him in March. a16z says the crypto winter is here. Support the show

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The Poorly Paid Workers Powering Automation w/ Phil Jones

Paris Marx is joined by Phil Jones to discuss the hidden microworkers behind supposedly AI-powered automation from major tech companies, how it differs in the Global North and South, and what it means...

10 Helmi 202249min

Crypto Winter Is Coming w/ Jacob Silverman

As the podcast celebrates episode 100, Paris Marx is joined by Jacob Silverman to discuss the huge drop in crypto prices, the coming threat (to crypto) of interest rate hikes and regulation, the human...

3 Helmi 20221h 8min

Microsoft Wants to Dominate the Games Industry w/ Rob Zacny

Paris Marx is joined by Rob Zacny to discuss the potential consequences of Xbox’s acquisition of Activision Blizzard, and what subscriptions and consolidation might mean for the future of games and th...

27 Tammi 202254min

How Evangelicals Emulate Startup Culture w/ Corrina Laughlin

Paris Marx is joined by Corrina Laughlin to discuss how evangelical Christians have adapted to modern technologies, how churches have emulated startups, the growth of the faith tech sector, and whethe...

20 Tammi 202248min

Envisioning Platform Socialism w/ James Muldoon

Paris Marx is joined by James Muldoon to discuss his vision for platform socialism and the different ways we could reorganize platforms to serve the public good over corporate profit.James Muldoon is ...

13 Tammi 202254min

How Roblox Exploits Children w/ Quintin Smith

Paris Marx is joined by Quintin Smith to discuss how Roblox profits from the labor of children, built an exploitative in-game economy, and needs to be regulated as soon as possible.Quintin Smith is a ...

6 Tammi 202245min

Happy Holidays from Tech Won’t Save Us!

To end 2021, Paris Marx provides a quick update on the podcast and what’s coming next year.Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of i...

30 Joulu 202112min

Silicon Valley Doesn’t Get Science Fiction w/ Annalee Newitz

Paris Marx is joined by Annalee Newitz to discuss what’s wrong with Silicon Valley’s understanding of science fiction, and how tech leaders use it to justify terrible futures.Annalee Newitz is the aut...

23 Joulu 202157min