Reveal So You Don’t Understand Crypto. Buckle Up.
Oct 1, 2025
Molly White, an independent writer and researcher focused on technology and cryptocurrency, dives deep into the confusing world of crypto. She discusses the transformative rise of digital currencies and the catastrophic collapse of FTX. The conversation touches on the risks of investing in crypto and the implications of recent deregulation efforts. She also explores how crypto influences American politics and upcoming elections, linking large political donations to strategies for shaping legislation.
AI Snips
Chapters
Transcript
Episode notes
What Cryptocurrency Is
- Cryptocurrency is a digital-only asset traded mainly for speculative price gains.
- Bitcoin began in 2009 and now thousands of crypto assets exist for trading.
Blockchain As A Shared Ledger
- A blockchain is a distributed ledger recording every transaction without a central authority.
- Anyone can run a node to help maintain the ledger and avoid single-entity control.
Bankruptcy Payouts Hurt Crypto Customers
- Customers in crypto bankruptcies often get dollar-equivalent payouts at low market prices.
- That leaves creditors worse off than if they had received their original crypto assets back.