Crypto Crashes, Bitcoin’s True Believers, and Web3

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The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 12 June 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

PJ Vogt has been following Bitcoin since it was worth $10. Maybe less. He didn’t buy in, and is more than happy to keep following the story. Vogt is the host of the new limited-series podcast “Crypto Island” and before that, you may have heard his voice on “Reply All”. Ricky Mulvey caught up with him to discuss:
- The recent crash in crypto
- What the “financialized version of the internet” can tell us about people
- What happens when internet strangers try to operate a McDonald’s

Cryptos mentioned: BTC, LUNA

Host: Ricky Mulvey
Guest: PJ Vogt
Engineers: Dan Boyd, Tim Sparks

Transcript

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0:00.0	But you had all these people who were kind of saying like,
0:03.6	on some level, don't trust the existing financial system.
0:07.2	Don't invest your money there, put it here.
0:09.4	And then wandering the floor,
0:11.7	just talking to the conference guards,
0:12.7	it really felt like people were there
0:14.4	because of FOMO, people were there
0:16.5	because they felt like they'd been dealt
0:18.1	a bad hand in the American economy.
0:20.4	I think they understand they're at a casino,
0:22.8	but they don't feel like this casino has rigged.
0:24.8	They think they have a chance in it.
0:26.4	I'm Chris Hill, and that was PJ Voight,
0:32.0	describing his time at a Bitcoin convention.
0:35.4	Voight is the host of the limited series podcast,
0:38.0	Crypto Island.
0:39.4	Before that, you may have heard him on the podcast, Reply All.
0:43.2	He's been someone who can help make sense of things
0:45.6	on the internet that are a little bit outside the mainstream.
0:49.3	Ricky Mulvey caught up with him to talk about
0:51.2	the recent crash in crypto,
0:53.4	understanding Bitcoin's true believers,
	...

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