Episode 71: The Cybercurrency Crash—Interview with David Golumbia

Brendan and Andrew welcome back David Golumbia, whom they interviewed in Ep. 63 of Radio Free Humanity about his book The Politics of Bitcoin: Software as Right-Wing Extremism. In this new episode, they discuss the new wave of crashing cryptocurrency markets, including Bitcoin, Luna/Terra, and NFTs (nonfungible tokens). David explains what all of these things are—or were. The issues he and the co-hosts discuss include: the causes of the crash; the key role that Luna/Terra played in the crypto markets; who benefits and who loses from the crash; the role that fraud played and the relation between the fraud and cyber-libertarian ideology; whether the crash was surprising or something to be expected; and whether the prices of cryptocurrencies will bounce back, as the price of Bitcoin has in the past.

In the current-events segment, the co-hosts again discuss Congress’s January 6 committee hearings on the attempted and ongoing Trumpite coup: new revelations through June 21, the impact of the hearings, and “Team Normal” Trumpism.

Radio Free Humanity is a podcast covering news, politics and philosophy from a Marxist-Humanist perspective. It is co-hosted by Brendan Cooney and Andrew Kliman. We intend to release new episodes every two weeks. Radio Free Humanity is sponsored by MHI, but the views expressed by the co-hosts and guests of Radio Free Humanity are their own. They do not necessarily reflect the views and positions of MHI.

We welcome and encourage listeners’ comments, posted on this episode’s page.

Please visit MHI’s online print publication, With Sober Senses, for further news, commentary, and analysis.

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June 24, 2022

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