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 Creation of a Black Cyberculture w/ André Brock

Paris Marx is joined by André Brock to discuss the history of Black people’s online activity, the internet’s association with whiteness, and what Black Twitter can tell us about the centrality of Blac...

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Big Tech Entrenches US Power w/ Michael Kwet

Paris Marx is joined by Michael Kwet to discuss how digital technologies are used to entrench the power of the United States and its dominant corporations at the expense of the Global South.Michael Kw...

2 Syys 202150min

Blockchain Won’t Save the Global South w/ Olivier Jutel

Paris Marx is joined by Olivier Jutel to discuss blockchain’s pivot to humanitarianism, the questionable people behind the technology, and how their projects in the Pacific have benefited capitalist a...

26 Elo 202158min

How Neoliberalism Seized the Internet w/ Dan Greene

Paris Marx is joined by Dan Greene to discuss how the Clinton administration reframed poverty through the lens of the internet and how that transformed the missions of key institutions like libraries ...

19 Elo 202157min

How Smart is the Smart City? w/ Shannon Mattern

Paris Marx is joined by Shannon Mattern to discuss what we miss when we see the city solely through the lens of the computer, and how other institutions and ways of knowing can help inform richer ways...

12 Elo 202148min

How Australia Used Tech Against Welfare Recipients w/ Dhakshayini Sooriyakumaran

Paris Marx is joined by Dhakshayini Sooriyakumaran to discuss Australia’s robodebt scandal where automated decision-making was used against welfare recipients, and how exploitative AI implementations ...

5 Elo 202141min

How Streaming is Reshaping the Film Industry w/ Peter Labuza

Paris Marx is joined by Peter Labuza to discuss how streaming is reconfiguring Hollywood, what that means for the film and television we consume, and whether it’s time to consider antitrust action aga...

29 Heinä 202156min

Demystifying the Billionaire Space Race

Paris Marx takes a solo episode to discuss the billionaire space race. Specifically, how billionaires are selling grand futures of space travel as a PR scheme to get huge public contracts that will al...

22 Heinä 202143min