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Investigative reporter Zeke Faux discusses the hype and uncertain use cases of crypto, NFT parties with Snoop Dogg and Jimmy Fallon, questionable stablecoin companies, and the consequences of spending a book advance on a JPEG image.
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Quick takeaways
- The podcast highlights the influence of FOMO in driving people to invest in cryptocurrency and the irrationality behind the desire to get rich quick.
- The podcast raises concerns about the stability and lack of transparency of stablecoins, particularly focusing on Tether and its questionable practices.
Deep dives
The Appeal of Crypto and the Power of FOMO
The podcast discusses the appeal of cryptocurrency and the influence of FOMO (fear of missing out) in driving people to invest in crypto. The host shares an anecdote about a friend who made money on Dogecoin, which sparked regret and a sense of feeling left out. The podcast explores the human desire to participate in financial movements and the belief that one can get rich quick. It also mentions historical examples of financial bubbles and how the universal emotion of wanting to be part of the action often disregards rational thinking.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode