Is Crypto Entering a New Golden Age—or Just a New Era of Failed Promises?

Is Crypto Entering a New Golden Age—or Just a New Era of Failed Promises?

The crypto industry seems poised for a new golden age. But what exactly does that mean? Who would benefit? And, oh by the way, what does this technology do other than serve as a set of assets to bet to the moon? I have lots of questions about the state of crypto right now. Last week, Bitcoin traded above $100,000 for the first time in history. Its price has skyrocketed since Donald Trump’s win, as a wave of investors bet that the next four years will mark a new renaissance. And this isn’t just a time for optimism. It’s also a time for recrimination. In the last few weeks, several major tech figures, including the venture capitalist Marc Andreessen, have condemned democrats for what they describe as an illegal war on crypto. Austin Campbell is finance vet, an adjunct professor at Columbia Business School, and the founder of Zero Knowledge Consulting. Today, we talk about the purported war on crypto, starting with the origins of "debanking" practices under Obama; we talk about why crypto now seems like a majority-republican technology in an industry that has historically been democratic; we talk about the biggest use cases of crypto around the world; and Austin tells me why he thinks many people in the industry still aren't thinking clearly about the future of finance. Host: Derek Thompson Guest: Austin Campbell Producer: Mike Wargon Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Who's Afraid of a Four-Day Work Week?

Who's Afraid of a Four-Day Work Week?

4 Day Week Global is a nonprofit organization that recently conducted a trial with 33 companies and 900 workers that replaced the typical five-day week with a four-day work week with no change in pay....

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Why the Bad Guys—in China, Russia, Iran, and the U.S.—Are Having a Terrible Winter

Why the Bad Guys—in China, Russia, Iran, and the U.S.—Are Having a Terrible Winter

One year ago, we had Anne Applebaum on the podcast to talk about her essay, "The Bad Guys Are Winning." And I think you could have made an argument that this was the most important story in geopolitic...

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Why America is Suffering a 'Friendship Recession'

Why America is Suffering a 'Friendship Recession'

Americans have never spent so much time alone. And alone time is rising sharply for every demographic—young and old, male and female, white and non-white, metro and rural. But is aloneness the same as...

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Thanksgiving Mega-Pod: Bob Iger’s Power Grab, SBF’s Scandal, and Elon Musk’s Omnishambles

Thanksgiving Mega-Pod: Bob Iger’s Power Grab, SBF’s Scandal, and Elon Musk’s Omnishambles

Today’s episode is a Thanksgiving feast of corporate scandal and media gossip. Derek kicks things off with a big-picture theory for why everything in tech and media seems to be falling apart at the sa...

22 Nov 20221h 26min

If China Invades Taiwan, Is It World War III?

If China Invades Taiwan, Is It World War III?

Today’s episode is about China’s turn toward authoritarianism—and why it might be one of the most important stories in the world. If you don’t know a lot about China—if you’ve been interested or aston...

18 Nov 202248min

A Crypto Catastrophe: The Stunning Fall of FTX—and What Comes Next

A Crypto Catastrophe: The Stunning Fall of FTX—and What Comes Next

Derek shares his thoughts on the meltdown of crypto exchange FTX and the disgrace of its founder, Sam Bankman-Fried, before welcoming veteran finance journalist William D. Cohan to discuss the history...

15 Nov 202247min

Instant Reaction Pod: Midterm Election Winners, Losers, Surprises, and Takeaways

Instant Reaction Pod: Midterm Election Winners, Losers, Surprises, and Takeaways

The polls were right; the vibes were wrong. Democrats seem to have blocked the Republican wave by riding “Dobbs and democracy.” Trump lost, and extremism lost. DeSantis won, and Florida is a red state...

9 Nov 202217min

Elon Musk's Reign of Chaos and Mark Zuckerberg's Metaverse Madness

Elon Musk's Reign of Chaos and Mark Zuckerberg's Metaverse Madness

The Musk regime is off to a chaotic start at Twitter. In barely a week or two of ownership, Elon has already overseen a collapse in advertising revenue, announced a pivot to subscriptions, attempted t...

7 Nov 202248min

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