Chapter
The Crypto Bubble's PR Problem
26:49 - 33:43 (06:54)
The crypto bubble had a public relations problem, with the promotion of innovation and accessibility overshadowing the fact that it was just another tool for fleecing people of their money. The affinity of media professionals towards the idea of 'effective altruism' further perpetuated this problem and promoted access to an individual with a lot of power and money.
Clips
The media played a role in creating a subculture of effective altruism around tech innovators like Mark Zuckerberg, and in creating a skewed sense of the indictment of John McAfee.
26:49 - 31:08 (04:18)
Summary
The media played a role in creating a subculture of effective altruism around tech innovators like Mark Zuckerberg, and in creating a skewed sense of the indictment of John McAfee. Congress's acquisition of jurisdiction over crypto also means that money can continue to flow from crypto companies due to lack of stringent oversight.
ChapterThe Crypto Bubble's PR Problem
EpisodeWhy the FTX Crypto Scam Is a Tale As Old As Time
PodcastThe Problem With Jon Stewart
Boosters of cryptocurrency argue that it promotes financial inclusion by getting poor people into the banking system.
31:08 - 33:43 (02:35)
Summary
Boosters of cryptocurrency argue that it promotes financial inclusion by getting poor people into the banking system. However, efforts were made to integrate it into the corrupt financial system, and it's a good thing that it was not fully integrated.