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Noah Kulwin of the Blowback podcast stops by to talk cryptocurrency: FTX, Sam Bankman-Fried, and the current crypto crisis's similarities to the savings and loan crisis of the 1980s

You can read Noah's piece for The Baffler here: https://thebaffler.com/salvos/tales-from-the-thrifts-kulwin

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The Fine Art Revolution

I know nothing of finance so I thought it was weird hearing 'SNL' throughout this episode, wondering what weekly late night comedy has to do with crypto

SoldierBlue

I’d probably buy crypto if Noah was selling

SF

Was really hoping noah would say say “I’m doing good, working on season 4 of Blowback, coming in the spring…”

Anonymous

Did Tom say he knows about chairs?

Creeping Jeff

Really enjoyed the extra production on this episode with the music and clips.

Anonymous

Oh god, Noah’s chewin….here come the misophobes

Gavin Farrell

When he talks about the box and tokens, I can't help but think of Catch 22's Milo Minderbinder: "And everybody has a share!" Scams all the way down. Tulip bulbs anybody? There may be something to the S&L parallel, but crypto I think is more like the fake and penny speculative stocks that were in the run up to the 1929 crash. Also I think this young kid idiot is a nice fall guy for the wider crypto industry. All the other large institutional investors that put pension money in, the marketing companies that must have sucked in hundreds of millions - a lot of people took advantage. But now we've found a young millenial/gen z face to put it on.

Anonymous

Tonya?

daniel

You guys should get jathan sadowski from this machine kills to shit on effective altruism

SF

Success, he said it at the end yessssss season 4 coming

Katherine Moss

Also, on a different topic, watch out for the crazy gaslighting boys. It’s coming on hard now. Apologize that this has to still sound nutty to some.