A trillion dollars in value has already been wiped off the overall crypto market. There's very little productive value underlying the stuff, and there aren't any companies producing things. The social effects of what's going to happen here could be pretty bad for people who lose their money.
As the podcast celebrates episode 100, Paris Marx is joined by Jacob Silverman to discuss the huge drop in crypto prices, the coming threat (to crypto) of interest rate hikes and regulation, the human impact of crypto schemes, and where things may be going next.
Jacob Silverman is a staff writer at The New Republic and writes about crypto with the actor Ben McKenzie. Follow Jacob on Twitter at @SilvermanJacob.
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.
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