Crypto Pros and Cons (with Sam Bankman-Fried)

What this episode covers

Read the full transcript here. • What's the current state of cryptocurrency? What are the good and bad aspects of crypto? To what extent have the promises of crypto panned out? How do blockchain and cryptocurrency even work anyway? What are "proof of work" and "proof of stake"? What are the differences between Bitcoin and Ethereum? What sorts of transactions are made easy or possible by the blockchain that are difficult or impossible to perform with traditional currencies? What are non-fungible tokens (NFTs)? What (if anything) prevents people from doing nefarious things with cryptocurrencies? What are some of the exciting, positive things coming up on the crypto horizon? • Sam Bankman-Fried is the co-founder and CEO of FTX (https://ftx.com/). Before venturing into crypto, Sam was a trader on Jane Street Capital's international ETF desk. He traded a variety of ETFs, futures, currencies, and equities, and designed their automated OTC trading system. He graduated from MIT with a degree in physics. Find him on Twitter at @SBF_FTX (https://twitter.com/SBF_FTX). • Staff • Spencer Greenberg (https://www.spencergreenberg.com/) — Host / Director • Josh Castle (mailto:[email protected]) — Producer • Ryan Kessler (https://tone.support/) — Audio Engineer • Uri Bram (https://uribram.com/) — Factotum • Music • Broke for Free (https://freemusicarchive.org/music/Broke_For_Free/Something_EP/Broke_For_Free_-_Something_EP_-_05_Something_Elated) • Josh Woodward (https://www.joshwoodward.com/song/AlreadyThere) • Lee Rosevere (https://archive.org/details/MusicForPodcasts04/Lee+Rosevere+-+Music+for+Podcasts+4+-+11+Keeping+Stuff+Together.flac) • Quiet Music for Tiny Robots (https://www.freemusicarchive.org/music/Quiet_Music_for_Tiny_Robots/The_February_Album/05_Tiny_Robot_Armies) • wowamusic (https://gamesounds.xyz/?dir=wowamusic) • zapsplat.com (https://www.zapsplat.com/music/summer-haze-slow-chill-out-house-track-with-a-modern-pop-feel-warm-piano-chords-underpin-the-track-with-warm-pads-and-a-repetitive-synth-arpeggio/) • Affiliates • Clearer Thinking (https://www.clearerthinking.org/) • GuidedTrack (https://guidedtrack.com/) • Mind Ease (https://mindease.io/) • Positly (https://positly.com/) • UpLift (https://www.uplift.app/)

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