BREAKDOWN: You Can’t Fight Outrage Culture With More Outrage, Feat. Michael Krieger
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 10 July 2020
⏱️ 77 minutes
🧾️ Download transcript
Summary
Today on the Brief:
- Hong Kong re-closes schools based on COVID-19 growth
- Coinbase explores direct U.S. exchange listing
- China starts selling stock, easing massive rally
This episode is sponsored by Bitstamp and Crypto.com.
Our main conversation is with Liberty Blitzkrieg creator and editor Michael Krieger. Michael announced just before recording that he is done publishing on the LB site. He and NLW discuss:
- How Michael became disaffected while working on Wall Street during the Great Financial Crisis
- How Zero Hedge amplified Liberty Blitzkrieg and sent Michael on a decade-long writing path
- How Michael discovered bitcoin and the bitcoin community in 2012
- Why social media platforms need to be regulated with the principles of the First Amendment
- How all political parties use division to stay in power
- How outrage culture has become endemic, commodified and co-opted by existing power
- Why the only option to fight outrage culture is to opt out
Find our guest online:
Website: libertyblitzkrieg.com
Twitter: @LibertyBlitz
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:00.0 | If you're not a CNN, you can be memory hold. Your entire history, your entire life's work can be |
| 0:04.9 | memory hold and disappeared forever. Whereas these other companies can't ever do anything wrong. The same |
| 0:09.6 | thing applies to, let's say, the people that brought us to the Iraq war based on lies, |
| 0:13.9 | suffered no consequences. And in fact, in a lot of cases, have a higher profile positions |
| 0:19.7 | of power and authority now than they did before. |
| 0:22.7 | It's important to understand the average person with no power messes up and you're finished |
| 0:27.2 | once. The powerful can start wars and kill millions and be promoted. That's the incentive |
| 0:34.5 | structure. Welcome back to the breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond. |
| 0:45.2 | This episode is sponsored by BitStamp and Crypto.com. |
| 0:49.7 | The breakdown is produced and distributed by CoinDesk. |
| 0:54.3 | And now, here's your host, NLW. |
| 1:02.8 | Welcome back to The Breakdown. |
| 1:05.0 | It is Friday, July 10th, and today we have an extremely special episode. |
| 1:10.9 | My guest, Michael Krieger, is the author of Liberty Blitzkrieg, one of the most sort of profound |
| 1:17.8 | and long-running blogs about dissent in some ways of the modern monetary system. |
| 1:24.9 | Yesterday, just before we recorded this podcast, Michael announced that he was going to |
| 1:30.6 | discontinue writing on Liberty Blitz Creek. It doesn't mean that he'll be gone from writing entirely, |
| 1:36.6 | but he's moving on to a new domain, a new brand, a new story, and a new emphasis. And |
| 1:43.0 | this conversation is about why, and it's much bigger than just one person shifting their focus. |
| 1:49.8 | I think it has a lot to do and a lot to say about the state of outrage culture in America. |
| 1:56.8 | Before we get into that, however, let's do the brief. |
| 2:03.9 | First up, on the brief, Hong Kong has closed its school. So what happened? The Hong Kong Education Bureau announced the suspension of all |
... |
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