Blockchain - Dont Believe the Hype
Obviously, we’re huge fans of distributed, decentralized ledger technology. But it has to be said that probably the vast, vast number of blockchain-related projects are outright scams, utter bullshit.
C. Edward Kelso & Matt Aaron
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About the Episode
In the mainstream press and the global corporate world, cryptocurrency is reviled. It is hated. Its users are thought to be straight trash. Don’t ever forget that. That it derives from distinctly polemical anarchists who were bent on leaving government forms of money makes it all the worse.
There is absolutely no reason for the financial system undergirding media and business, insulated and protected by the status quo, to do anything other than what they’re doing: portray cryptocurrency as a plaything for geeks, drug losers, and terrorists.
And they have some legitimate arguments: 90% of the projects taking advantage of the buzzword "blockchain" in order to make money.
Despite triggering a quick pump in the share price of several companies, the practice of companies attempting to cultivate an exaggerated or fraudulent association with distributed ledger technology has resulted in little more than an increase in the scrutiny and suspicion with which the mainstream markets treat publicly listed crypto companies.
Kelso and Matt discuss the hype and try to make sense of it all.
About the Hosts
C. Edward Kelso
C. Edward Kelso has written hundreds of articles as a journalist covering a range of topics from international finance, regulation, to cryptocurrency philosophy, interviews with luminaries, and book reviews. He is a longtime journalist focusing on financial technology, with a particular emphasis on global political structures and their influence.
Being based in San Diego, California USA allows him to experience binational economic arrangements (Mexico and the United States mostly) alongside a local hub of technology sector businesses -- from genomics to mobile phones.
Matt Aaron has been podcasting since 2013, when he launched the Food Startups Podcast.
He recently found a second love in cryptocurrency and blockchain and hasn't looked back.
His first major investment into cryptocurrency was the money he made betting on (but not voting for) that Donald Trump would win the 2016 election.
Matt believes that public blockchains and cryptocurrencies are the solution to the many problems exposed of the current banking system in the 2008 financial crisis.