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Sundar Pichai, tech crash, crypto, journalism and more with CNBC's Deirdre Bosa | E1458
This Week in Startups
Is This So Complex That You Can't Explain It?
Journalists should ask simple questions like How do you make money? Why aren't you profitable? Can you be profitable. When a crypto project is so complex that it can't be explained I think everybody's alarm bells should go off. This is exactly what happened with the the default swaps and and the mortgage backsecurities in 2008 they were too complex as a way of Obscuring and obscuring the grift. So it is really hard to figure out when you have to sort of Trust in the technology.
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