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Why It’s Time To Shut Down Cryptocurrencies

PYMNTS

The ability to use an anonymous single currency to power a decentralized, permissionless distributed ledger operating over the public internet where miners compete to solve the math problems that enable the processing of transactions is a remarkable innovation. The Crypto Has No Clothes. In concept. The Need for a Balanced View.

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Transcript: Michael Lewis on SBF & FTX

Barry Ritholtz

They said at that moment they were selling crypto as it’s gonna replace fiat currency. And they put some Bitcoin on my phone and we walked into Palo Alto to the one coffee shop that accepted Bitcoin as currency. Because he was all sure he was a totally isolated math. So, so he’s brilliant at math. Oh, really?

Math 61