A sceptic’s guide to crypto: the ‘smart’ money
FT Tech Tonic
00:00
Block Chain and Crypto Assets - Are They the Outcomes of a New Technology?
There are concerns about what economists call externalities, things like when a factory that pollutes the environment creates a cost to society. There's concern about these sorts of externalities that are also being created by block chain and crypto. How i see it too, web three isn't really about making the insina any fairer or less easy to exploit by fat cat silican valley investors. It's actually the opposite of this. It's about introducing yet another layer of financialization to the web. So john, did you put any of those criticisms that we've been hearing from molly to chris dixon and dresan horroets? Yes, i suredid.
Transcript
Play full episode
