Ethereum’s Founder on What Crypto Can — and Can’t — Do

Ethereum’s Founder on What Crypto Can — and Can’t — Do

When most people hear “crypto,” the first thing they think of is “currencies.” Cryptocurrencies have skyrocketed in popularity over the past few years. And they’ve given rise to an entire ecosystem of financial speculation, get rich quick schemes, and in some cases outright fraud.

But there’s another side of crypto that gets less attention: the segment of the community that is interested in the way the technology that powers crypto can decentralize decision making, make institutions more transparent and transform the way organizations are governed. That’s the side I find far more interesting.

There are few individuals as central to that latter segment of crypto as Vitalik Buterin. When he was still just a teenager, Buterin co-founded Ethereum, a decentralized platform whose token Ether is the second most valuable cryptocurrency today, surpassed only by Bitcoin. But the vision behind Ethereum was that the blockchain technology could be used for more than digital money; it could create a sort of digital infrastructure on top of which organizations and companies and applications could be built — ostensibly free of centralizing structures like banks and governments.

Over the last decade, Buterin has become arguably the core public intellectual on the nonfinancial side of crypto. His new book, “Proof of Stake,” is a collection of long, thoughtful essays that taken together lay out a vision of crypto as a truly transformative technology — one with the potential to revolutionize everything from city governance to voting systems to online identity.

I myself have dueling impulses about Buterin’s vision. On the one hand, I believe many of our governing systems and institutions are badly in need of the kind of reimagining he is engaged in. On the other hand, I’m deeply skeptical of whether the issues Buterin and his ilk are focused on are actually technological problems that blockchains can solve. So this is a conversation that sits squarely within that tension.

Mentioned:

Seeing Like a State by James C. Scott

Book recommendations:

The Rise and Fall of the Third Reich by William L. Shirer

Harry Potter and The Methods of Rationality by Eliezer Yudkowsky

Algorithmic Game Theory by Noam Nisan, Tim Roughgarden, Eva Tardos and Vijay V. Vazirani

Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.

You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.

“The Ezra Klein Show” is produced by Annie Galvin and Rogé Karma. Fact-checking by Michelle Harris, Mary Marge Locker and Kate Sinclair. Original music by Isaac Jones. Mixing by Sonia Herrero, Isaac Jones and Carole Sabouraud. Audience strategy by Shannon Busta. Special thanks to Kristin Lin, Kristina Samulewski, Will Wilkinson, Alex Tabarrok, Glen Weyl and Nathan Schneider.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Avsnitt(472)

‘We Have Created the Scarcity on Purpose’

‘We Have Created the Scarcity on Purpose’

The economy is one of the biggest vulnerabilities for Democrats this election and, in particular, the issue of affordability. Many Americans blame the Biden administration for the past few years of high inflation, and housing costs have become a crisis in cities across the country. These are top concerns for voters, and the Democratic Party hasn’t articulated the clearest answer.But there are some Democrats working hard on this and trying to push the party in a new direction. Brian Schatz is the senior senator from Hawaii and an influential policy voice in the Democratic Party. And over the past few years, he’s had a political evolution — about why things are so expensive and the role the government should play to fix it.In this conversation, I talk with Senator Schatz about the role the Democratic Party has played in making the affordability crisis worse, the policies he thinks could make a dent and why it’s so hard for the party to change course.This episode contains strong language.Mentioned:“Americans still waiting on Biden broadband plan; rural high-speed internet stuck in Dems’ red tape” by Susan FerrechioBook Recommendations:Walk, Ride, Paddle by Tim KaineThe Amen Effect by Sharon BrousWounded Knee by Heather Cox RichardsonThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Elias Isquith. Fact-checking by Kelsey Kudak. Our senior engineer is Jeff Geld, with additional mixing by Isaac Jones. Our senior editor is Claire Gordon. The show’s production team also includes Annie Galvin, Michelle Harris, Rollin Hu, Kristin Lin and Aman Sahota. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. And special thanks to Sophia Boyd, Efim Shapiro and Sonia Herrero. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

6 Aug 202449min

Is Tim Walz the Midwestern Dad Democrats Need?

Is Tim Walz the Midwestern Dad Democrats Need?

I’ve watched a lot of presidential campaigns, and I can’t remember one in which the contest for the Democratic vice-presidential nomination has played out quite so publicly. One breakthrough voice has been Gov. Tim Walz of Minnesota. Before last week, he didn’t have much of a national profile. But then he went on “Morning Joe” and said of Donald Trump and JD Vance, “These guys are just weird.”That one line has transformed the Democratic Party’s messaging, with everyone from Vice President Kamala Harris to Senator Joe Manchin using similar language.But it’s the kind of criticism that risks coming off as condescending to those who support Trump and Vance, similar to Hillary Clinton’s “deplorables” comment in 2016. But what has stood out to me about Walz’s political ethos is his confidence in speaking on behalf of everyday Americans — a confidence his track record backs up. Walz comes from a very small town and repeatedly won House races in a district that heavily favored Trump.So I invited him on the show to talk about how he walks this line between attacking Republican politicians without alienating Republican voters and how he thinks Democrats can control the narrative of this election and start winning some of those voters back.Book Recommendations:The Most Secret Memory of Men by Mohamed Mbougar SarrCommand and Control by Eric SchlosserThe Razor’s Edge by W. Somerset MaughamThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair and Mary Marge Locker. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our senior editor is Claire Gordon. The show’s production team also includes Annie Galvin, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Sonia Herrero. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

2 Aug 202459min

What Democrats Can Learn From Gretchen Whitmer

What Democrats Can Learn From Gretchen Whitmer

Gretchen Whitmer is one of the names you often see on lists of Democratic V.P. contenders. She’s swatted that speculation down repeatedly, but the interest in her makes a lot of sense. Michigan is a must-win state for Democrats, and she has won the governorship of that state twice, by significant margins each time. She’s also long been one of the Democratic Party’s most talented and forthright messengers on abortion.So I think Whitmer has a lot to teach Democrats right now, whether she’s Kamala Harris’s running mate or not. In this conversation we discuss how her 2018 campaign slogan to “fix the damn roads” has translated into a governing philosophy, how she talks about reproductive rights in a swing state, what Democrats can learn from the success of female politicians in Michigan, how she sees the gender politics of the presidential election this year and more.Mentioned:True Gretch by Gretchen Whitmer“The Spartan: Why Gretchen Whitmer Has What It Takes for a White House Run” by Jennifer Palmieri“America’s New Political War Pits Young Men Against Young Women” by Aaron Zitner and Andrew RestucciaBook Recommendations:Tomorrow, and Tomorrow, and Tomorrow by Gabrielle ZevinBurn Book by Kara SwisherTo Kill a Mockingbird by Harper LeeThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by our senior editor, Claire Gordon. Fact-checking by Michelle Harris, with Kate Sinclair and Mary Marge Locker. Our senior engineer is Jeff Geld. The show’s production team also includes Annie Galvin, Rollin Hu, Elias Isquith, Kristin Lin and Aman Sahota. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Isaac Jones. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

30 Juli 202447min

This Is How Democrats Win in Wisconsin

This Is How Democrats Win in Wisconsin

The Democratic Party’s rallying around Kamala Harris — the speed of it, the intensity, the joyfulness, the memes — has been head-spinning. Just a few weeks ago, she was widely seen in the party as a weak candidate and a risk to put on the top of the ticket. And while a lot of those concerns have dissipated, there’s one that still haunts a lot of Democrats: Can Harris win in Wisconsin?Democrats are still traumatized by Hillary Clinton’s loss in Wisconsin in 2016. It is a must-win state for both parties this year. And while Democrats have been on a fair winning streak in the state, they lost a Senate race there in 2022 — a race with some striking parallels to this election — which has made some Democrats uneasy.But Ben Wikler is unfazed. He’s chaired the Wisconsin Democratic Party since 2019 and knows what it takes for Democrats to win — and lose — in his state. In this conversation, he tells me what he learned from that loss two years ago, why he thinks Harris’s political profile will appeal to Wisconsin’s swing voters and how Trump’s selection of JD Vance as his running mate has changed the dynamics of the race in his state.Mentioned:“The Democratic Party Is Having an ‘Identity Crisis’” by Ezra KleinWeekend Reading by Michael PodhorzerBook Recommendations:The Reasoning Voter by Samuel L. PopkinFinding Freedom by Ruby West Jackson and Walter T. McDonaldThe Princess Bride by William GoldmanThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair. Mixing by Isaac Jones. Our senior engineer is Jeff Geld. Our senior editor is Claire Gordon. The show’s production team also includes Annie Galvin, Elias Isquith, Kristin Lin and Aman Sahota. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Sonia Herrero. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

26 Juli 20241h

Are Democrats Right to Unite Around Kamala Harris?

Are Democrats Right to Unite Around Kamala Harris?

An open convention or a coronation aren’t the only two options.  Mentioned:“Democrats Have a Better Option Than Biden” by The Ezra Klein Show“What Is the Democratic Party For?” by The Ezra Klein ShowThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com. You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs. This audio essay for “The Ezra Klein Show” was produced by Claire Gordon. Fact-checking by Michelle Harris, with Kate Sinclair, Mary Marge Locker and Kristin Lin. Our senior engineer is Jeff Geld. Our senior editor is Claire Gordon. The show’s production team also includes Annie Galvin, Rollin Hu, Elias Isquith and Aman Sahota. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

23 Juli 202423min

I Watched the Republican Convention. The Democrats Can Still Win.

I Watched the Republican Convention. The Democrats Can Still Win.

This year’s Republican National Convention was Donald Trump’s third as the party’s nominee, but it was the first that felt like a full expression of a G.O.P. that has fully fallen in line with Trumpism. And the mood was jubilant. Speakers even made efforts to reach out to unions, Black voters and immigrants — imagining a big-tent Republican Party that could be far more formidable at the ballot box.But if the Democrats were running a strong candidate right now, no Democrat would look at that convention with fear.In this conversation, moderated by the show’s senior editor, Claire Gordon, we dissect the themes and undercurrents of the convention and what they might signal about a Republican Party in the midst of change. We discuss how the party is messaging about race, immigration and populism; what JD Vance believes and represents for the party; what all this means for a Democratic Party that is divided about President Biden’s candidacy; and more.Mentioned:“Bernie Sanders Wants Joe Biden to Stay in the Race” by Isaac ChotinerThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Elias Isquith. Fact-checking by Michelle Harris, with Mary Marge Locker, Jack McCordick and Kristin Lin. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our senior editor is Claire Gordon. The show’s production team also includes Annie Galvin and Rollin Hu. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

20 Juli 202449min

The Trump Campaign’s Theory of Victory

The Trump Campaign’s Theory of Victory

The Trump campaign isn’t just expecting to win this election; it’s expecting to win it in a landslide. And top Trump campaign officials were feeling that confident even before Joe Biden’s disastrous debate performance. So what’s their strategy to achieve the blowout they’re imagining? And is their confidence justified?Tim Alberta is a staff writer at The Atlantic and the author of “American Carnage: On the Front Lines of the Republican Civil War and the Rise of President Trump.” He recently spent months profiling Trump’s campaign managers, Susie Wiles and Chris LaCivita. In this conversation, Alberta offers an inside look at the Trump campaign and their theory of victory. We discuss how the campaign has tailored its messaging to capitalize on Joe Biden’s weaknesses; LaCivita’s and Wiles’s personal backgrounds and approaches to the campaign; what Trump’s vice-presidential pick, Senator J.D. Vance, signals about Trump’s vision for his presidency; and more.Mentioned:“Trump Is Planning for a Landslide Win” by Tim Alberta“How J.D. Vance Won Over Donald Trump” by Jonathan Swan and Maggie HabermanBook Recommendations:Tired of Winning by Jonathan KarlKingdom of Rage by Elizabeth NeumannRomney by McKay CoppinsThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair and Mary Marge Locker. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our senior editor is Claire Gordon. The show’s production team also includes Annie Galvin, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Sonia Herrero. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

18 Juli 202454min

The Economic Theory Behind J.D. Vance’s Populism

The Economic Theory Behind J.D. Vance’s Populism

When Donald Trump on Monday chose Senator J.D. Vance of Ohio as his running mate it excited populists — and unnerved some business elites. Later that evening, the president of the Teamsters, Sean O’Brien, gave a prime-time speech at the Republican National Convention. “Over the last 40 years, the Republican Party has rarely pursued strong relationships with organized labor,” O’Brien said. “There are some in the party who stand in active opposition to labor unions — this too must change,” he added, to huge applause.There’s something happening here — a real shift in the Republican Party. But at the same time, its official platform, and the conservative policy document Project 2025, is littered with the usual proposals for tax cuts, deregulation and corporate giveaways. So is this ideological battle substantive or superficial?Oren Cass served as Mitt Romney’s domestic policy director in the 2012 presidential race. But since then, Cass has had an evolution; he founded the conservative economic think tank American Compass, which has been associated with J.D. Vance and other populist-leaning Republicans, like Josh Hawley, Marco Rubio and Tom Cotton. In this conversation, we discuss what economic populism means to him, what it looks like in policy, and how powerful this faction really is in the Republican Party.Mentioned:“The Electric Slide” by Oren Cass“This Is What Elite Failure Looks Like” by Oren Cass“Budget Model: First Edition” by American CompassBook Recommendations:The Path to Power by Robert CaroProject Hail Mary by Andy WeirThe Green Ember by S.D. SmithThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Annie Galvin. Fact-checking by Michelle Harris with Kate Sinclair and Mary Marge Locker. Our senior engineer is Jeff Geld with additional mixing by Aman Sahota and Isaac Jones. Our senior editor is Claire Gordon. The show’s production team also includes Rollin Hu, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie Rose Strasser. Special thanks to Sonia Herrero. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

17 Juli 20241h 16min

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