A sceptic’s guide to crypto: the ‘smart’ money
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 28 August 2022
⏱️ 26 minutes
🧾️ Download transcript
Summary
In the second episode of the latest season of Tech Tonic, FT columnist and host Jemima Kelly tries to understand why an influential Silicon Valley investment firm thinks that Web 3 is a good bet. Will blockchain technology really be the foundation of a new internet era? Is Web 3’s promise to decentralise the internet going to pose a challenge to companies such as Facebook and Twitter? The FT’s innovation editor John Thornhill interviews Chris Dixon, head of Andreessen Horowitz’s crypto fund, and Jemima talks to Molly White, author of the Web3 Is Going Just Great blog.
Presented by Jemima Kelly. Special thanks to John Thornhill. Edwin Lane is senior producer. Produced by Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.
News clips credits: CBC, NBC, CNN.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:11.7 | So I'll let you in on something that might disappoint some of you crypto bros out there. |
| 0:17.9 | Throughout my years of writing about crypto, I've developed quite a thick skin. |
| 0:23.6 | There have been some quite unpleasant messages, there's been a whole lot of trolling on Twitter |
| 0:29.4 | and that's not to mention the comment section under some of my FT columns. |
| 0:34.9 | Because that's what happens to people who question the value of anything crypto related. |
| 0:41.1 | A sample. The worst of the worst columnists from the financial times, |
| 0:46.2 | yes, you know who you are, Jemima Kelly and your Bitcoin hating brethren. |
| 0:51.2 | That's from Reddit. And here's one from Twitter. |
| 0:54.9 | I like to keep up with news, positive and negative, |
| 0:57.9 | but Jemima Kelly is a moron unsubscribe. There are actually much worse ones, |
| 1:04.4 | but they're too rude to read out loud. I've also been heckled during crypto panels at events |
| 1:10.8 | and then there was the time a prominent Bitcoin bro wrote to my editor to complain that I was |
| 1:14.9 | libeling him for calling him a Bitcoin bro. These days he's blocked me on Twitter, |
| 1:21.1 | so we don't come across each other very much. But lately, what's been upsetting my critics |
| 1:26.7 | is not my views about cryptocurrencies or libertarian economics or even NFTs. |
| 1:32.7 | What's been getting them riled up recently is what I think about the crypto world's latest |
| 1:37.2 | big fixation, something called Web 3. Web 3 is supposed to be the future of the internet. |
| 1:46.0 | An internet supposedly built using the blockchain technology that underpins crypto. |
| 1:51.6 | The stakes here are not just about whether or not some crypto token is going up or down in value. |
| 1:58.0 | This is about who gets to have the power on the internet, |
... |
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