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Ben McKenzie

๐Ÿ‘ค Speaker
252 total appearances

Appearances Over Time

Podcast Appearances

The Vergecast
Ben McKenzie vs. crypto

That is a great question.

The Vergecast
Ben McKenzie vs. crypto

I I'm afraid the answer is both yes and no, in the sense that all money's made up, right?

The Vergecast
Ben McKenzie vs. crypto

We just like, it's just a social construct like government or religion.

The Vergecast
Ben McKenzie vs. crypto

And we've used, there's a very brief, like a graphic sequence after the initial sort of playful misdirection where we briefly showed you many, many images of different monies that have existed in the past, like feathers or, you know, uh, whales teeth or whatever.

The Vergecast
Ben McKenzie vs. crypto

Um, and so all money's made up, right?

The Vergecast
Ben McKenzie vs. crypto

But what is money?

The Vergecast
Ben McKenzie vs. crypto

It's trust.

The Vergecast
Ben McKenzie vs. crypto

It's a way of running an economy so that, for example, if I give you a dollar bill, you take it from me, not because you trust me, but because you trust that you can use it because it works.

The Vergecast
Ben McKenzie vs. crypto

And that's, I think, where crypto falls apart.

The Vergecast
Ben McKenzie vs. crypto

Crypto says we don't need money.

The Vergecast
Ben McKenzie vs. crypto

human trust, we can replace that with computer code.

The Vergecast
Ben McKenzie vs. crypto

We can create this trustless system and avoid all that pesky human interaction and human relationships.

The Vergecast
Ben McKenzie vs. crypto

But that's, of course, nonsense, right?

The Vergecast
Ben McKenzie vs. crypto

Because if money is trust and you're saying it's a trustless currency...

The Vergecast
Ben McKenzie vs. crypto

Then you're saying it's like a governmentless government or religionless religion.

The Vergecast
Ben McKenzie vs. crypto

The words you're searching for are anarchy and cult.

The Vergecast
Ben McKenzie vs. crypto

It just fundamentally doesn't make sense.

The Vergecast
Ben McKenzie vs. crypto

The other answer in terms of like, could it be money is also effectively no, but it's because โ€“

The Vergecast
Ben McKenzie vs. crypto

The technology sucks.

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