99% of Crypto is a Scam (with Molly White)

The Rip Current with Jacob Ward

Molly White, renowned crypto skeptic and creator of 'Web3 is Going Just Great' has spent the last few years documenting the intricate web of scams, hacks, and enormous losses that pervade the cryptocurrency industry. Molly considers crypto a solution in search of a problem, and of course now it's creating new problems, not least direct digital bribery of the President. In this episode we get into the difference between the technology and the business of crypto, the outrageous corruption it’s making possible, and the unsettling parallels between the current AI hype and past crypto promises.

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Also, as you’ll hear in this episode, I’m considering renaming this whole enterprise — the newsletter and the show — so I’m not hiding what I do behind a needlessly esoteric brand name. The new name I’m considering is the name of a book I’m working on, Great Ideas We Should Not Pursue. So fair warning you may see me roll out a whole new thing in the coming weeks, don’t panic when you see a new name in your feed!