Good As Gold
On the Media
WNYC Studios
4.6 • 8.7K Ratings
🗓️ 18 February 2022
⏱️ 50 minutes
🧾️ Download transcript
Summary
Mainstream journalists keep falling for crypto scams that can end up costing their audiences a fortune. On this week’s On the Media, hear why all of us might want to become at least a bit literate in crypto-technology. Plus, the story of an American pundit living in Moscow, who’s being paid to be Russian TV’s favorite punching bag.
1. Adam Davidson [@adamdavidson], founder of NPR's Planet Money, on the need for market context when reporting on cryptocurrency. Listen.
2. Katie Notopoulos [@katienotopoulos], senior tech reporter at BuzzFeed and Maxwell Strachan [@maxwellstrachan], features writer and editor at Motherboard at VICE, on the backlash from covering crypto investors who'd rather remain anonymous. Listen.
3. OTM producer Molly Schwartz [@mollyfication], on how Russian TV downplays talk of war using an American as a straw man. Listen.
Music:
I’m Forever Blowing Bubbles by Classic Carnival Circus Calliope MusicNewsreel by Randy NewmanAve Maria - Pascal Jean & Jean Brenders Avalon by Randy NewmanFergus Roundelay by Gerry O'BeirneSonata for Violin and Guitar (Mauro Giuliani) by Itzhak Perlman & John WilliamsPeter and the Wolf (Prokofiev) by Mario Rossi & Wiener Opernochester
Transcript
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| 0:00.0 | That squid game of cryptocurrency we've been talking about on the program looks like it was part of a scam. |
| 0:06.5 | The coins creators, they just abandoned the project by exchanging the coin for cash. |
| 0:11.3 | They walked away with $3.3 million. |
| 0:13.8 | In the world of crypto, it's hard to know what's the real next big thing, but it isn't all about the scams. |
| 0:21.1 | From WNYC in New York, this is on the media, I'm Brooke Gladstone. |
| 0:25.6 | Also, when crypto's power brokers are anonymous, how do you hold a ghost accountable? |
| 0:31.8 | It would be against the norms of our society for any $5 billion company to have a secret CEO. |
| 0:40.8 | Plus, what happens when you bring an American perspective to Moscow media? |
| 0:45.8 | I go on Russian TV and I have five seconds before I'm interrupted to get out whatever I want to say. |
| 0:54.0 | It's all coming up after this. |
| 1:00.7 | From WNYC in New York, this is on the media, I'm Brooke Gladstone. |
| 1:05.7 | Last weekend's Super Bowl featured so many cryptocurrency commercials that some dubbed it the crypto Bowl. |
| 1:13.2 | Our next bit by commercial is about missed opportunities. |
| 1:16.9 | So many Canadians wish they bought tech stocks or real estate just 10 years ago. |
| 1:22.6 | It's happened to go with crypto. |
| 1:24.6 | Like I was saying, it's FTX. It's a safe and easy way to get into crypto. |
| 1:28.3 | Yeah, I don't think so. |
| 1:30.3 | And I'm never wrong about this stuff. |
| 1:32.3 | Never. |
| 1:33.3 | None of these ads attempted to explain crypto technology or even make a case for it, beyond a threat, act now or you'll be left behind. |
| 1:42.3 | The ads were just the latest effort by the budding industry to pull in a wave of fresh investors. |
| 1:48.0 | The thing is, having passed through the gates of crypto land, you're confronted by a dizzying delusio to throw your money at. |
... |
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