04 The Skeptic
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PJ Vogt
4.8 • 5K Ratings
🗓️ 5 April 2022
⏱️ 42 minutes
🧾️ Download transcript
Summary
The strange journeys of Cas Piancey, a baker turned crypto skeptic. (For notes & further reading on this episode, check out my newsletter at pjvogt.com).
Transcript
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| 0:00.0 | Hi, MPJ vote. This is the Crypto Island miniseries. In this episode, we meet a professional skeptic |
| 0:06.8 | and learn the story of how his life came to be dominated by something he doesn't believe |
| 0:10.8 | in. That's after some ads. |
| 0:14.8 | We are living through a wild moment in American history. There are conspiracy theorists on |
| 0:19.5 | house committees, extremists on the Supreme Court, and near fistfights on C-SPAN. And |
| 0:25.0 | with an intense White House battle ahead, we need a better conversation about the latest |
| 0:29.8 | big election of our lives. Hosted by four former Obama aides, Pod Save America hosts |
| 0:35.6 | used their expertise to provide listeners with a no bullshit guide to democracy. Every |
| 0:40.2 | week, they break down all the political news that makes us laugh, cry, and scream into |
| 0:44.9 | the void. Tell us, figure out what matters and what each of us can do about it. Pod Save |
| 0:50.2 | America. The context you need for next week's news. Follow now so you never miss an |
| 0:54.8 | episode. They called him the Telecom Cowboy. It sounds like the beginning of a truly terrible |
| 1:05.4 | country song, but it's true. Bernie Ebers was the CEO who was famous for coming to work |
| 1:10.4 | in a Stetson Hat and Cowboy Boots. A former gym teacher, he'd started a small phone |
| 1:15.8 | company in Mississippi called Long Distance Discount Services. Bernie's company followed |
| 1:21.1 | an aggressive playbook. They buy a book competitor, which would raise their stock, which would |
| 1:25.2 | give them money to buy up another competitor. Over and over again, it worked. Before long, |
| 1:30.3 | they were the second largest telecom in the United States. The minnow that ate the whale. |
| 1:35.6 | That's what the papers called them when they managed to buy MCI. Eventually, they gave |
| 1:40.3 | themselves a name that truly reflected their ambitions. World Com. World Com stock went |
| 1:48.9 | up every year, minting millionaires. This was during the dot-com boom, and if you wanted |
| 1:54.2 | to bet on the internet, you bet on the World Com. World Com was going to own the pipes |
... |
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