Hi, I'm PJ Vote. This is the Crypto Island miniseries, and before we begin the show today,

a bit of crypto-breaking news, and I do mean crypto-breaking news.

I reported a few episodes back about how the stablecoin Terra and its twincoin Luna had

collapsed, breaking large parts of the industry. The damages continued to spread. A huge crypto

lender called Celsius recently imploded, and a major crypto hedge fund called 3AC,

three arrows capital, is also in flames. The price of Bitcoin has fallen by more than half

since we visited Miami, and I find myself thinking about the people who I met there with some worry.

We'll keep monitoring this as it goes, but this week I have another kind of story for you.

That story, after these ads.

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This is a video recorded back in May of 2014 where at a technology conference in Manhattan,

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