Bicoin: Who is actually being hit when this price declines so much? Yes, that's a good question. I think the concern is really that the people who are left holding the bag,. Whether it's the price drops of big corn an etherium, or whether it's just a classic rug pull where people get scammed in some defi arrangement. Bicoin: These markets are far more anarchic and less reliable than wall street. No matter what you think of sort of main stream commoditiesr or equities markets; there's a lot of market manipulation.
As the podcast celebrates episode 100, Paris Marx is joined by Jacob Silverman to discuss the huge drop in crypto prices, the coming threat (to crypto) of interest rate hikes and regulation, the human impact of crypto schemes, and where things may be going next.
Jacob Silverman is a staff writer at The New Republic and writes about crypto with the actor Ben McKenzie. Follow Jacob on Twitter at @SilvermanJacob.
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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