The Crypto/Tech Meltdown of 2024 ft. Jacob Silverman
Added 2022-11-20 18:33:07 +0000 UTCMatt talks to Jacob Silverman (@SilvermanJacob), author with Ben McKenzie of the forthcoming "Easy Money" about Sam Bankman-Fried's crypto collapse as well as its venture capital context. Preorder Jacob's book: https://store.abramsbooks.com/products/easy-money
Comments
the creeps involved with this garbage gave me signal from get go that it was just another con in an age of the Dumpf & Co cons. New York needs to dump Kirsten Gillibrand. I have despised her since she pounced on Al Franken.
Samuel McKee
2023-01-02 18:41:03 +0000 UTCNot sure how crypto passes the Howey Test. e.g. part 3 "common enterprise", and part 4 "profits generated by the efforts of others" aren't clear to me. Part 1 - Money invested, OK; Part 2, expectation of profit - OK. A Ponzi scheme wouldn't be considered a type of security, but this seems to be closer to what cyptos use case actually entails (e.g. the only reason it isn't a pure Ponzi is because it can facilitate illegal activity). Seems like regulating as a security would be a gift to the industry, when its just a new variation on an old scam.
J P 3
2022-11-21 06:36:07 +0000 UTC
