I think the worst thing that happened to crypto was the speculative boom in Bitcoin and other currencies. I think the interesting use cases are to get around badly managed financial systems slash regulations. But, and this gets to my view of it is that all these use cases are somewhat adjacent to criminal activity. So you're getting out of the regulated world out of the informal world into the underground economy.
Economist and author Arnold Kling talks with EconTalk host Russ Roberts about the recent drama in the tech world--Elon Musk's acquisition of Twitter, the collapse of FTX, and the appearance of ChatGPT. Underlying topics discussed include the potential for price discrimination to make social media profitable, whether you could tell Jeff Bezos from Sam Bankman-Fried early on, and the role of human beings in the world of artificial intelligence.