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Does the Crypto Crash Mean the Blockchain Is Over?
Podcast

Does the Crypto Crash Mean the Blockchain Is Over?



Editorial Rating

9

Qualities

  • Overview
  • Visionary
  • Engaging

Recommendation

If someone sat you down and asked you to explain cryptocurrency, what would you say? If you’re not sure, but imagine you might be able to come up with something vague that sounds credible, you’re in good company. Most normal people probably don’t have a working understanding of cryptocurrency, or its underlying blockchain technology. Fortunately, this episode of the Freakonomics podcast can help you remedy that problem by layering explanations with stories, and use cases with expert interviews.

Take-Aways

  • New technologies often go through peaks and valleys on their way to mainstream adoption: Blockchain is no different.
  • Blockchain is a distributed, immutable digital ledger that updates in real time, with real-world applications beyond speculative investing and black-market purchases.
  • People in the bitcoin community need an incentive to maintain the distributed ledger, and that’s where bitcoin mining comes into play.

About the Podcast

The Freakonomics podcast is created and hosted by University of Chicago economist Steven Levitt, and New York Times journalist Stephen J. Dubner, based on a book of the same name. Freakonomics radio has expanded to include the podcasts No Stupid Questions; Freakonomics MD; and People I (Mostly) Admire