When it comes to cryptocurrency, it seems that there are always two sides of the (bit)coin.
On the negative side, there’s everything that can go wrong. For example, the unpredictable value swings can cause coin holders, savvy and suckers alike, to suffer life-changing losses. An exchange can get hacked and attacked, allowing hard-won earnings to vanish into the coffers of criminals without a trace. The blockchain, in all its beauty, is gobbling up power as it grows, raising questions about its environmental impact as it drives decentralization.
Podcast hosts and their guests, however, have a tendency to look on the bright side. That’s understandable, because every day that cryptocurrency and its users evolve, the more possibilities unfold. In the financial alternate universe that is crypto, the points of light are consistently attributed with the power to outshine the dark matter.
Pockets of Progress
In the recently-aired Episode 24 of What Bitcoin Did, host Peter McCormack interviewed the team of Max Keiser and Stacy Herbert, who together host their own financial show The Keiser Report. It’s a duo that seems determined to see the best in bitcoin, seeing as how both of their careers are driven by disillusionment with the financial world.
They are not just vocal in their criticism but also active in it. Keiser once called JP Morgan Chase “the biggest financial terrorist on Wall Street” backing those words up with a campaign to crash it by encouraging people to buy silver, which would leave JP Morgan with a significant short position. He and Herbert make it a point to call out big banks’ unethical practices as well as governments’ fiscal mismanagement.
The Keiser Report was an early pioneer of Bitcoin reporting, with their first coverage on the topic dating back to 2011. Listening to McCormack’s interview of the two, it’s clear why they latched on early to crypto: Both share a very hopeful vision for the positive impact it may bring