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Tech Brew Ride Home

Tue. 06/21 – The Great Crypto Crash Of ‘22

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 21 June 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

Did something happen while I was away? Sort of like everything crashing in crypto? Apple wants to kill the CAPTCHA for you. The first Apple Store has unionized. Is it fair that G Suite is no longer free? And is the Microsoft Surface Duo 2 actually… good now? Sponsors: Zapier.com/ride Links: Crypto lender Babel Finance announces steps to improve its liquidity situation (The Block) New Solend vote invalidates governance decision to take over whale account (The Block) iOS 16 Will Let iPhone Users Bypass CAPTCHAs in Supported Apps and Websites (MacRumors) Apple Workers at Maryland Store Vote to Unionize, a First in the U.S. (NYTimes) Google Says It’s Time for Longtime Small-Business Users to Pay Up (NYTimes) MICROSOFT’S WEIRD SURFACE DUO 2 HAS SURPRISINGLY BECOME MY FAVORITE DEVICE OF THE YEAR (The Verge) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Mem Right Home for Monday, June 21st, 2022. I'm Brian McCullough today.

0:09.6

Did something happen while I was away? Sort of like everything crashing in crypto all at once.

0:15.0

Apple wants to kill the capture for you.

0:17.4

The first Apple store has been unionized.

0:20.0

Is it fair that G Suite is no longer free and is the Microsoft Surface Duo 2 actually good now?

0:26.6

Here's what you miss today in the world of tech.

0:28.9

Well look, the big story since I've been gone has been crypto. I'm actually not sure how to cover this exactly, because even though lots of folks spent the last four days dancing on the grave of

0:44.0

crypto and Web3 I definitely don't think crypto is dead. Yes, Bitcoin fell to

0:50.0

under $18,000 a coin on June 18th,

0:53.1

below its $19,511 high back during its 2017 bull cycle.

0:59.7

And Ether dropped below $1,000.

1:02.3

Both are down more than 70% since November.

1:05.5

Yes, the total value of all cryptocuracies

1:08.2

has gone down by roughly $2 trillion or 2 thirds

1:11.6

since, you know, crypto hit its all-time highs.

1:14.8

But this show has been around long enough that I'd humbly submit that just the amount of

1:19.1

times we cover crypto is a decent parameter of the health of the crypto space.

1:24.2

This show launched right after the crypto winter following the ICO craze.

1:28.5

If you go back in the archive, there are entire weeks and months where we didn't mention

1:32.2

a single crypto story at all.

1:34.9

And I remember asking at the beginning of COVID where was crypto shouldn't it have been, you know,

1:41.2

in a perfect situation given that the world was blowing up but then in late

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