Podcast

129 - Why the Crypto Critics Are Wrong | Matthew Green

Matthew Green is an Associate Professor of Computer Science at John Hopkins University, where he teaches courses, cryptography, distributed computing systems, blockchains, and cryptocurrency.

Jul 25, 2022 • 1 min read

Matthew helped create Zerocash, one of the first privacy cryptocurrency experiments, and ultimately influenced the Zcash protocol.

He recently wrote an article titled, “In Defense of Crypto(Currency)”, in response to an open letter to Congress, signed by a large group of technologists, denouncing the entire premise of cryptocurrency and urging congress to strongly regulate the space.

In this episode, Matthew talks about his article, how crypto can do better as an industry, and why to be optimistic about the future of crypto.

TIMESTAMPS

0:00 Intro

6:34 Letter to Congress

12:27 Matthew’s Background

15:45 Why Write This Letter

19:03 Crypto Haters

24:14 What to do About Scams

28:45 Regulation

32:28 Addressing Concrete Objections

35:36 PoW Climate Issue

38:06 Blockchains Transfer Reversal

45:50 Crypto Doesn’t Scale Claim

50:42 Privacy Claims

1:02:43 Annoying Hype

1:05:50 Doing Better as an Industry

1:10:25 Matthew’s Favorite Project

1:14:58 Why Be Optimistic About Crypto

1:17:13 Closing & Disclaimers

RESOURCES

Matthew Green

https://twitter.com/matthew_d_green

Letter to Congress

https://concerned.tech/

In Defense of Crypto(Currency)

https://blog.cryptographyengineering.com/2022/06/09/in-defense-of-cryptocurrency/

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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