Jhust: It's hard to blame people who are buying into crypto currencies or these other forms of gambling that seem to be perpetuated through our society. Jhust is my second like bull run in crypto, and I've been doing it since the end of the 20 17 bull run. And then eventually everything crashes, most of the grifters go away for a while,. He says there'll be some at least moderately interesting crypto currency projects; many will not survive this winter. The things don't fundamentally need the resiliency, the censorship resistance or anything else that crypto currency is good for.
Paris Marx is joined by Bennett Tomlin to discuss last week’s crash of Terra and Luna, the problems with stablecoins, and whether this collapse will finally force regulators to take action on cryptocurrency.
Bennett Tomlin is a co-host of Crypto Critics’ Corner and writer of the FUD Letter. Follow Bennett on Twitter at @BennettTomlin.
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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