Behind the News: Crypto's Scam-Ridden World w/ Molly White

Jacobin Radio

Jacobin

Socialism, History, News, Left, Jacobin, Alternative, Socialist, Politics

4.7 • 1.5K Ratings

🗓️ 23 May 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Doug speaks with Molly White, keeper of the "Web3 Is Going Just Great" blog, on the pointless and scam-ridden world of cryptocurrencies. Also on the pod: Kathleen Belew, a scholar of white power, discusses that movement’s obsessions and unusual organization.

Behind the News, hosted by Doug Henwood, covers the worlds of economics and politics and their complex interactions, from the local to the global. Find the archive here: https://www.leftbusinessobserver.com/Radio.html

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Transcript

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0:00.0	.
0:10.0	.
0:20.0	.
0:28.0	.
0:34.0	Hello and welcome to Behind the News.
0:36.0	My name is Doug Henrywood.
0:38.0	Two segments today.
0:40.0	Software engineer Molly White will talk about crypto.
0:42.0	And in the reprise of an interview from October 2020,
0:44.0	the historian Catherine Boulou will talk about white power.
0:48.0	There's been a bit of unpleasantness in the cryptocurrency market lately.
0:52.0	Most notably, Terry USD, a coin that was supposed to maintain a stable value of a dollar,
0:56.0	crashed over the last 10 days and is now worth less than a dime.
1:00.0	Bitcoin, the biggest of the cryptos, is lost almost 40% of its value since March.
1:04.0	What are these things all about?
1:06.0	To explore that, we're joined by Molly White.
1:09.0	She's a software engineer who keeps two blogs, MollyWhite.net,
1:13.0	and Web3 is going just great, the first more polite than the second.
1:17.0	The router one is a catalog of scams, implosions, and other ugly stuff
1:21.0	from the world of crypto broadly defined,
1:24.0	which includes spin offs like NFTs and Web3,
1:27.0	a much hyped thing with no rigorous definition yet.
	...

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