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

(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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Avsnitt(343)

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Paris Marx celebrates the 300th episode of Tech Won’t Save Us by sharing his reasons to push for digital sovereignty and get off US tech. On top of explaining how that dependence gives the US governme...

30 Okt 202546min

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Paris Marx is joined by Joanne McNeil to discuss the proliferation of delivery bots and robotaxis and how they recycle disproven claims about how technology will improve transportation. Joanne McNeil...

23 Okt 202555min

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Paris Marx is joined by Chris Gilliard to discuss how tech CEOs are pushing a new generation of AI-powered smart glasses by promising they’ll be stylish and indispensable to workers in a desperate att...

16 Okt 202555min

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Paris Marx is joined by Jacob Silverman to discuss Jacob’s new book Gilded Rage, which explores the radicalization of Silicon Valley leaders, who are exerting their growing influence to shape our soci...

9 Okt 202555min

The Growing Divide Between MAGA and Big Tech w/ Tina Nguyen

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Paris Marx is joined by Tina Nguyen to discuss the divisions within the American far-right between the Trump administration, the wider MAGA movement, and the tech executives trying to show they’re on ...

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