Crypto Crash Part I: The Case Against Crypto

Crypto Crash Part I: The Case Against Crypto

Today, we have the first in a two-part series on lessons from the crypto crash. Crypto, also known as Web3, also known as blockchain-based technologies, remains the weirdest space I’ve ever reported on. I’ve never learned so much about a topic where there were people I trusted roughly equally, whose intelligence I trusted roughly equally, coming to completely opposite opinions. People I consider brilliant think this is the wave of the future. Others are fairly positive that the bulk of this world is a giant Ponzi scheme that’s even worse than most people realize.Today's guest is Molly Wood, a financial journalist turned venture capitalist who also hosts the podcast 'This Week in Startups.' I would summarize Molly’s case against crypto in three main points: It is a double-enemy of the environment—an energy-intensive speculation that pulls money and talent from climate technology. It is an unregulated bonanza of investor shenanigans—Molly explains why the very structure of crypto tokens invites a kind of Ponzi-scheming dynamic, which deserves our attention. Even if you have nice things to say about crypto—and we do have nice things to say about it—there’s a strong case to be made that the promises and the grandiosity is wildly out of line with the actual use cases. The timing on this episode feels right. Last week, several employees of the crypto trading exchange Coinbase were charged with wire fraud, the first insider-trading case involving cryptocurrencies. This is our little podcast trial of crypto. Today, the prosecution. Tomorrow, the defense. Host: Derek Thompson Guest: Molly Wood Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Avsnitt(341)

The Omicron Variant: So, How Bad Is It?

The Omicron Variant: So, How Bad Is It?

Dr. Peter Hotez talks to Derek about what we know about the new COVID-19 variant (a little), what we don't know (a lot), and when we'll know more. Host: Derek Thompson Guests: Dr. Peter Hotez Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

30 Nov 202134min

Buy or Sell Pandemic Trends: Peloton, Movie Theaters, Masks, and More!

Buy or Sell Pandemic Trends: Peloton, Movie Theaters, Masks, and More!

The Atlantic's Amanda Mull joins the podcast to debate Derek about which COVID-19–related cultural trends will thrive or fade in the 2020s. Host: Derek Thompson Guest: Amanda Mull Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

23 Nov 202148min

We Have to Talk About Inflation

We Have to Talk About Inflation

Our first Economic Roundtable discusses rising prices, the Great Resignation, labor shortages, the supply chain mess, Joe Biden’s puking approval numbers, and what the White House can do to turn things around.  Host: Derek Thompson Guests: Michael Batnick and Ben Carlson  Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

19 Nov 202147min

The Future Is Going to Be Weird As Hell

The Future Is Going to Be Weird As Hell

In our first episode, The New York Times’s Kevin Roose joins the show to walk Derek through the metaverse, crypto, NFTs, and the maybe-BS or maybe-brilliant future of technology. Host: Derek Thompson Guest: Kevin Roose Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

16 Nov 202147min

Introducing Plain English with Derek Thompson

Introducing Plain English with Derek Thompson

Longtime Atlantic writer Derek Thompson breaks down your weekly headlines in his new podcast, ‘Plain English.’ From tech to politics to culture, Derek and his expert guests cut through the noise surrounding the news and tackle the big questions that matter to you. ‘Plain English’ launches November 16, with new episodes dropping every Tuesday and Friday. Host: Derek Thompson Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

11 Nov 202138s

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