4.4 • 848 Ratings
🗓️ 21 April 2021
⏱️ 31 minutes
🧾️ Download transcript
Noah Feldman has a lot of questions about cryptocurrency. Is it currency or is it an asset? How should governments regulate it? Is it sustainable?
Crypto pioneer Bobby Lee, co-founder and former CEO of China’s first bitcoin exchange and current CEO of Ballet, a startup that helps people securely store their crypto assets, weights in on the most pressing questions about crypto.
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0:00.0 | Pushkin. |
0:08.7 | It's hard to read the news these days without asking yourself, how did we get here? |
0:13.8 | Fiasco is a history podcast for the co-creators of Slow Burn. |
0:17.6 | In our first season, Bush v. Gore, we examine an unmistakable turning point in American politics, the 2000 election, which resulted in a high-stakes stalemate, ended with one of the most controversial rulings in Supreme Court history. |
0:30.5 | So if you're trying to make sense at the present moment, check out Fiasco, Bush v. Gore. Listen on theHeart Radio app, Apple Podcasts, or wherever you listen to podcasts. |
0:42.2 | From Pushkin Industries, this is deep background, the show where we explore the stories behind the stories in the news. |
0:49.3 | I'm Noah Feldman. This week marked an important watershed in the history of crypto and cryptocurrencies. |
0:57.2 | Coinbase, one of the leading exchanges for buying and selling crypto, went public. And although |
1:03.8 | appropriately enough, its share price was a little volatile, it has achieved a very substantial |
1:09.8 | valuation, above the $85 billion mark where it first |
1:14.5 | launched. Simultaneously, Bitcoin, the most popularly traded of the different crypto assets, |
1:22.0 | remains, notwithstanding its own volatility, at a price higher by almost four times than what it was just a few months ago. |
1:32.3 | Bitcoin, the most popularly traded of the cryptocurrencies, |
1:36.3 | retains a price much, much higher than it was just a few short months ago. |
1:48.0 | I am thoroughly fascinated by the phenomenon that is crypto. |
1:52.6 | For one thing, among my friends, opinions seems to be very deeply divided. |
1:58.8 | On the one hand, are economists, investors, capitalists of all kinds, who tend themselves to be highly skeptical of the idea that |
2:02.9 | there's something of enduring value or meaning in this new asset class. |
2:09.0 | On the other hand, our enthusiasts, open-minded creative tech people, many of whom have |
2:14.7 | themselves invested heavily in crypto, who are wildly optimistic about |
2:20.3 | the possibility of this asset class not only to endure, but to grow and to develop and to spread. |
2:27.3 | Alongside this fascinating debate is a further question about the nature of power. Who has power over finances? |
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