Is There Any Veracity in This?

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The price of the axi token has actually gone up a good amount in the preceding couple of days. But if you actually look at the total amount, it's like six or seven % of the total money lost. I have what i call the grift counter on my web threes that tallies up just sort of a ball park napkin estimate of how much money is being lost in these hackan skims. And this is one of the larger hacks but by no means is blowing them out of the water.

Paris Marx is joined by Molly White to discuss the big Axie Infinity hack, what’s wrong with the New York Times’ Latecomer’s Guide to Crypto, and what Molly’s years as a Wikipedia editor have taught her about the problem with web3’s vision of total commercialization.

Molly White is a software engineer and the creator of web3 is going just great. Follow Molly on Twitter at @molly0xFFF.

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Also mentioned in this episode:

Molly and a bunch of other crypto critics put together an (Edited) Latecomer’s Guide to Crypto.
You can read Kevin Roose’s original Latecomer’s Guide here.
Molly wrote about the $625 million Axie Infinity hack and harassment on the blockchain.
Interest in NFTs and their values have plummeted in recent months.
Tech Won’t Save Us has a new website. Check it out at techwontsave.us.

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