Scam Economy
2: Cryptocurrency is a Ponzi (w/ Sohale Mortazavi)
February 4, 2022
Sohale Mortazavi joins Scam Economy to talk about his piece for Jacobin that went viral: Cryptocurrency Is a Giant Ponzi Scheme. Host Matt Binder and Mortazavi discuss what crypto has in common with Ponzi schemes, the market manipulation of Bitcoin courtesy of the stablecoin Tether, what should be done about crypto, the reaction to his piece which spread on Reddit and Twitter, and the "progressive" or "socialist" case for crypto. Support the show:
Check out Sohale Mortazavi's piece in Jacobin here: