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The Gist
The Rise And Fall Of Crypto
Aug 28, 2024
Andrew Chow, author of 'Cryptomania,' dives into the tumultuous world of cryptocurrencies and NFTs. He recounts his discovery of the crypto frenzy during the pandemic and the subsequent crash of high-profile ventures like FTX. The conversation highlights the disparity between the ideals of decentralization and profit motives among industry leaders. Chow also explores the tricky landscape for African NFT artists, revealing their struggle for integrity in a market rife with speculation and disillusionment.
45:10
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Quick takeaways
- Andrew Chow's book 'Cryptomania' examines how the speculative nature of cryptocurrencies and NFTs has shaped their cultural significance and market value.
- The contrasting behavior of figures like Sam Bankman-Fried highlights the tension between the idealistic aspirations of the crypto movement and exploitative practices within the industry.
Deep dives
Critique of Language Trends
The podcast discusses a trend in language, specifically the frequent use of the term 'adjacent' to describe concepts that are not quite the same but related. The speaker emphasizes the irony in this usage, suggesting it's a social signal that both the speaker and listener are in on a shared joke rather than a meaningful communication. He critiques terms like 'controversial' and the phrase 'said the quiet part out loud,' arguing that they have lost their impact through overuse. This exploration highlights how language evolves and the importance of maintaining clear and precise communication.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode