Crypto After FTX — With Kate Rooney

Big Technology Podcast

Alex Kantrowitz

Technology, Religion & Spirituality, Business News, Business, Religion, Science, Philosophy, Society & Culture, Entrepreneurship, Management, Marketing, Politics, News Commentary, Government, Investing, Tech News, Social Sciences, News

4.6 • 395 Ratings

🗓️ 11 January 2023

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kate Rooney is a star reporter at CNBC who covers crypto. She's reported deeply on crypto exchange FTX's collapse and spent time with its disgraced ex-CEO — Sam Bankman-Fried — in the Bahamas. Rooney joins Big Technology Podcast for a discussion about what happens to crypto now that its promise of 'trustless' finance has crumbled. Join us for a deep discussion of the industry's future, the responsibility for journalists covering it, and the lessons from the collapse. If you're enjoying Big Technology Podcast, please rate us five stars ⭐⭐⭐⭐⭐ in your podcast app of choice. For weekly updates on the show, sign up for the pod newsletter on LinkedIn: https://www.linkedin.com/newsletters/6901970121829801984/

Transcript

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0:00.0	Hey, I'm Michael Kovnet, host of The Next Big Idea Daily.
0:04.0	The show is a masterclass in better living from some of the smartest writers around.
0:09.0	Every morning, Monday through Friday, we'll serve up a quick 10-minute lesson on how to strengthen your relationships,
0:15.0	supercharge your creativity, boost your productivity, and more.
0:19.0	Follow the Next Big Idea Daily wherever you get your podcasts.
0:24.2	LinkedIn Presents.
0:44.6	Welcome to Big Technology Podcast, a show for cool-headed, nuanced conversation of the tech world and beyond.
0:48.1	Now, cryptocurrency's big promise was that it would be trustless.
0:52.2	Instead of putting your face in the faceless banks that didn't have your best interest in mind,
0:58.5	you could just use a system that worked on the blockchain, where all your transactions were recorded in plain sight for everyone to see. But all that came crashing down through a very nasty back half of 2022. And really, fully and
1:06.0	deeply, when Sam Bankman-Fried's FTX was exposed as a house of cards, it turns out that you still
1:12.4	needed to trust him. And if you did, it didn't end well. So what exactly is left of crypto after this?
1:20.2	That's what we're going to find out in this week's episode. My guest today is Kate Rooney. She is
1:24.7	a star reporter at CNBC, and she's been all over the story and even spent
1:29.1	time with SBF down in the Bahamas. She's going to talk about that. Now, few people have followed
1:34.5	this story so closely, so I think you're going to love hearing from Kate. Here's our conversation.
1:41.1	Kate, welcome to the show. Alex, good to be here.
1:44.8	Thanks for having me.
1:46.0	Great to have you.
1:52.2	We're going to talk a lot about FtX and other crypto companies that might be in trouble.
1:55.9	But first, what I really want to do is get a little philosophical.
1:59.1	Everybody seems to know the details of the case, right?
	...

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