Can Cryptocurrency Be a Mean to Transact on a Greater Scale

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A lot of the visions that are being sold to people are silently visions of what people with a lot more capital minht desire. Part of this idea of liberation or democratization of finance, the rhetoric there is that banks should not be in control of your money. And i think that's exactly right. But then also, if the kind of visions of web three are able to take hold, and that becomes a central piece of how we transact on like, a greater scale, then people are forced to pay a lot more attention to the value of their money. I don't have to open it up every day and see what the value things are,. See what the value of the canadian

Paris Marx is joined by Edward Ongweso Jr. to discuss Elon Musk’s Twitter acquisition, how technology is enabling an extension of speculation and gambling, and why those pressures need to be opposed.

Edward Ongweso Jr. is a staff writer at Motherboard/Vice and a co-host of This Machine Kills. Follow Edward on Twitter at @bigblackjacobin.

🎉 This month is the show’s second birthday. To celebrate, we want to get 100 new supporters at $5/month or above to bring on a producer to help make the show. Help us hit our goal by joining on Patreon. You can also follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter.

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Also mentioned in this episode:

Edward wrote about Elon Musk’s Twitter acquisition and the casino economy we increasingly find ourselves in.
Paris wrote about Elon’s Twitter purchase for Jacobin before it was confirmed, and Tribune afterward.
Max Read also wrote about the acquisition and what it might mean.
CNN spoke to meme stock traders who made a lot of money and the difficulty of what came after.
TrueAnon did a recently episode on mobile gambling.
Tim Hwang wrote “Subprime Attention Crisis: Advertising and the Time Bomb at the Heart of the Internet.”