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Freakonomics Radio cover image

510. What Problems Does Crypto Solve, Anyway?

Freakonomics Radio

NOTE

Coin Base Is The Ultimate Middle Man

Coin base is one of the biggest crypto companies in the world. Even though its share price has fallen about 85% since the peak, it still has a market capitalization of around 14 billion dollars. For a fee of one to four %, you give coin base your dollars and they buy and store crypto currency for you. It might help here to think back to the california gold rush in the mid nineteenth century. Who got rich then? The firms that supplied equipment and food and clothing to the miners. Levi strauss being the most famous example. They did very well. So is coin bas the levi strauss of the crypto gold rush?""It's not going to be

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