A lot of people who were sold a false bill of goods around what crypto was and what it would deliver to them are now being affected as these projects go under, right? Like there were stories when Terra Luna collapsed earlier this year, particularly out of South Korea. And then we saw the collapses of Celsius and Voyager this summer,. Those were projects that were describing themselves like banks. They had big commercials at football games, the Super Bowl, that they were referring to themselves as the safe place to put your crypto.
Paris Marx is joined by Molly White to discuss the ongoing collapse of the crypto industry, what to make of the implosion of FTX and Alameda Research, and what happens next with Sam Bankman-Fried.
Molly White is the creator of Web3 Is Going Just Great and a fellow at the Harvard Library Innovation Lab. You can follow her on Twitter at @molly0xFFF.
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.
The podcast is produced by Eric Wickham and part of the Harbinger Media Network.
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