A Conversation With a Dogecoin Millionaire

This episode contains strong language.What started out as a kind of inside joke in the world of cryptocurrency has quickly become, for some, a very serious path to wealth. Today we explore the latest frenzy around a digital currency, what it tells us about the flaws in the old economy — and the risks and rewards of the new one.Guest: Kevin Roose, a technology columnist for The New York Times, spoke with Glauber Contessoto about his investment in Dogecoin.Sign up here to get The Daily in your inbox each morning. And for an exclusive look at how the biggest stories on our show come together, subscribe to our newsletter. Background reading: Dogecoin has experienced a scarcely believable surge in the past few weeks. And the currency’s value has been closely tied to the Twitter presence, and even the “Saturday Night Live” appearance, of Elon Musk.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.