Against the Rules with Michael Lewis
On Background: Crypto Skeptic Proven Right
May 16, 2023
Molly White, a renowned software engineer and fierce cryptocurrency critic, discusses her insightful perspective on the crypto landscape. She highlights her early recognition of hucksterism and fraud in the crypto rise, sparking her skepticism. Molly shares her journey from Wikipedia editing to advocating against crypto scams. The conversation delves into media portrayals of Sam Bankman-Fried and critiques the simplistic narratives surrounding him. Additionally, she explores the varied responses to cryptocurrency criticism, particularly the lack of female voices in the debate.
31:51
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Quick takeaways
- Molly White highlights the flaws of Bitcoin and other cryptocurrencies as a currency, inflation hedge, and transactional tool.
- White challenges the extreme beliefs of Bitcoin maximalists and emphasizes the importance of trust in society and financial systems.
Deep dives
Summary of Going Infinite: The Rise and Fall of a New Tycoon
Michael Lewis announces his new book, Going Infinite: The Rise and Fall of a New Tycoon, which explores the story of Sam Bankman Fried, the founder of crypto exchange FTX. Lewis takes readers on a journey to understand Bankman Fried's motivations and the implications of his remarkable rise and fall. The book offers an intimate look at the enigmatic tycoon, challenging prevailing narratives and shedding light on the unconventional path that led to FTX's collapse.
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