Bitcoin is not useful for anything, and it is not producing any overall value. The stock market is growing because the human economy over all is growing. It is a fundamentally positive sume game. If we one day run out of fossil fuels, or there's a huge neno population decline, those sorts of things could disrupt the stock market on a long term level. But in that case, your fox no matter where your money is, uh?
Crypto is crashing, which makes it the perfect time to ask whether blockchain technology is actually — you know — useful for anything. Computer scientist Nicholas Weaver joins Adam to discuss the inherent flaws in the technology, the shockingly slow state of innovation considering that the technology has been around for a decade, and what a better system for digital money might be. You can follow Nicholas on Twitter at @ncweaver.
Learn more about your ad choices. Visit megaphone.fm/adchoices
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.