Current Affairs

Molly White is the world's foremost critic of cryptocurrency, according to a recent profile in the Washington Post. A veteran Wikipedia editor and software developer, White documents the frauds and catastrophes in the so-called "Web3" space on her website Web 3 Is Going Great. Molly actually drafted the Web3 Wikipedia entry, and joins today to explain whether it is anything more than a buzzword and how we can make sense of the bizarre ecosystem of cryptocurrency, Web3, blockchain, etc. We discuss:The popularity of the Web3 buzzwordThe bizarre culture around cryptocurrency including the Fyre Festival-like "Cryptoland" island that some proponents tried to buildHow the critics of cryptocurrency are maligned and treated as stupidHow the uncritical endorsement of crypto projects by celebrities and politicians is causing ordinary people to be swindled out of their moneyThe failure of Congress to properly regulate the sector including the dangerously pro-crypto framework put forth by senators Gillibrand and LummisWh