What Next TBD: Inside Crypto's House of Cards

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4 • 1.1K Ratings

🗓️ 1 October 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The trial of Sam Bankman-Fried marks the end of an era where crypto rose to dizzying, Super-Bowl-commercial heights. Where does the industry go from here? Guest: Zeke Faux, investigative reporter for Bloomberg and author of Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get benefits like zero ads on any Slate podcast, bonus episodes of shows like Slow Burn and Dear Prudence—and you’ll be supporting the work we do here on What Next TBD. Sign up now at slate.com/whatnextplus to help support our work. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	But the Rams were built to win the Super Bowl, and they have sealed the deal.
0:13.6	I want you to think back to February of 2022.
0:17.6	The Super Bowl had just happened.
0:19.3	The LA Rams beat the Cincinnati Bengals, 23 to 20.
0:23.4	And if you were watching the ads, one thing you saw a lot of was crypto.
0:28.3	Sam Bankman Fried had aired one with Larry David, where he was sort of this time-traveling
0:35.2	lullite who poo-pooed all sorts of inventions from the wheel to the fork.
0:39.4	Like I was saying, it's FTX.
0:41.4	It's a safe and easy way to get into crypto.
0:45.0	I don't think so.
0:47.0	And I'm never wrong about this stuff.
0:49.0	Never.
0:51.6	The message of all these ads was cryptos and next big thing.
0:57.3	That's Zeke Fox.
0:58.6	Zeke is an investigative reporter for Bloomberg, and just wrote the book Number Go Up.
1:03.4	Inside crypto's wild rise and staggering fall.
1:06.8	If you don't get in on it, you're really missing out.
1:10.1	You are a loser.
1:11.6	We're all going to get rich here buying all these random coins, and you're just keeping
1:16.6	your money in the bank like a sucker.
1:18.8	And Zeke was sitting there watching all these ads and all these headlines about crypto
1:23.2	prices going up and up.
	...

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