The Deception Behind Crypto, and its Actual Uses (with Laura Shin)

In the Bubble with Andy Slavitt

Lemonada Media

News

4.6 • 3.5K Ratings

🗓️ 14 December 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Many crypto platforms entice new investors by saying you should buy into the industry even if you don't understand it, or else risk getting left behind. Andy has some issues with that. He speaks to reporter Laura Shin, who’s been covering the crypto industry since 2015, about his major qualms with digital currencies, from carbon emissions and marketing deception to its unregulated nature. Laura explains, and on many occasions attempts to defend, what's going on in the crypto market and how it can be used to solve some real world problems.

Keep up with Andy on Twitter and Post @ASlavitt.

Follow Laura Shin on Twitter @laurashin.

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Check out these resources from today’s episode:

Listen to Laura’s podcast, “Unchained”: https://unchainedpodcast.com/category/shows/
Check out Laura’s book, “The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze”: https://www.amazon.com/Cryptopians-Idealism-Greed-Making-Cryptocurrency-ebook/dp/B08Y8MQ66Z
In the Bubble is nominated for a Signal Award, which recognizes the work of standout podcasts! Vote for Andy: https://vote.signalaward.com/PublicVoting#/2022/shows/general/health-wellness
Find vaccines, masks, testing, treatments, and other resources in your community: https://www.covid.gov/
Order Andy’s book, “Preventable: The Inside Story of How Leadership Failures, Politics, and Selfishness Doomed the U.S. Coronavirus Response”: https://us.macmillan.com/books/9781250770165

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Transcript

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1:40.0	This is in the bubble with anti-slavet. Cryptocurrency is often presented to us like something we're not supposed to fully understand.
1:47.0	There's a lot of things we don't understand. A lot of things I don't understand.
1:50.0	Crypto is different. Part of its premise is that we should buy some, we should own some,
1:57.0	we should join the club, even if we don't understand it, or we risk getting left behind.
2:03.0	I'm no different from the rest of us here. I haven't fully understood all the concepts and the details behind how cryptocurrency works.
2:12.0	But what I did understand, I'll admit I've been pretty skeptical of.
	...

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