Crypto is Collapsing (For Now)

CYBER

VICE

Tech News, News & Politics, Technology, News

4 • 645 Ratings

🗓️ 10 May 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Some days I think that maybe we’re not all gonna make it. It’s been a bad week for cryptocurrency and, as of this recording, it’s only Tuesday. Bitcoin is down. Ethereum down. Stablecoin seems not so stable. The NFT market is on fire. There’s copium all around, panicked posters, and soothing souls advising everyone to buy the dip.

But won’t that just exacerbate the problem? Won’t that just delay what people outside the crypto space have been waiting to see happen: the great crypto crash.

On this episode of Cyber, Motherboard Managing Editor Jordan Perason is here to answer all our burning crypto questions.

We’re recording CYBER live on Twitch. Watch live during the week. Follow us there to get alerts when we go live. We take questions from the audience and yours might just end up on the show.

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Transcript

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0:00.0	Tann, it's got the code it's going to launch.
0:10.4	It's a unit system.
0:12.8	I know this.
0:14.8	It's all the files of the whole park.
0:17.0	It tells you everything.
0:18.8	Sir, he's uploading the virus.
0:21.5	Eagle One. The package is being delivered.
0:25.0	Hello out there on the internet.
0:26.7	I'm Matthew Galt, and this is me muted.
0:31.0	I was muted.
0:32.4	So sad.
0:33.8	Hello out there on the internet.
0:35.3	Let's try that again.
0:36.3	I am Matthew Galt.
0:38.9	And this is cyber. Folks, some days, I think that maybe, maybe we're not all going to make it.
0:46.5	It's been a bad week for cryptocurrency. And as of this recording, it's only Tuesday. Bitcoin is down.
0:52.2	Ethereum is down. Stable coin. Not so stable anymore.
0:56.2	The NFT market appears to be on fire. There's copium all around, panicked posters and
1:00.4	soothing souls advising everyone to buy the dip. But won't that just exacerbate the problem?
1:05.9	Won't that just delay what people outside the crypto space have been waiting to see happen, the great crypto crash.
1:13.2	With us here today to answer some of these questions is motherboard managing editor Jordan Pearson.
1:18.6	Jordan, thank you so much for coming on to the show.
	...

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