129 - Why the Crypto Critics Are Wrong | Matthew Green

<p>Matthew Green is an Associate Professor of Computer Science at John Hopkins University, where he teaches courses, cryptography, distributed computing systems, blockchains, and cryptocurrency. He also helped create Zerocash, one of the first privacy cryptocurrency experiments, and ultimately influenced the Zcash protocol.</p> <p>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.</p> <p>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.</p> <p>------<br /> 🚀 SUBSCRIBE TO NEWSLETTER: <a href= "https://newsletter.banklesshq.com/">https://newsletter.banklesshq.com/</a> <br /> 🎙️ SUBSCRIBE TO PODCAST: <a href= "http://podcast.banklesshq.com/">http://podcast.banklesshq.com/</a> </p> <p>------<br /> Topics Covered:</p> <p>0:00 Intro<br /> 6:34 Letter to Congress<br /> 12:27 Matthew’s Background<br /> 15:45 Why Write This Letter<br /> 19:03 Crypto Haters<br /> 24:14 What to do About Scams<br /> 28:45 Regulation<br /> 32:28 Addressing Concrete Objections<br /> 35:36 PoW Climate Issue<br /> 38:06 Blockchains Transfer Reversal<br /> 45:50 Crypto Doesn’t Scale Claim<br /> 50:42 Privacy Claims<br /> 1:02:43 Annoying Hype<br /> 1:05:50 Doing Better as an Industry<br /> 1:10:25 Matthew’s Favorite Project<br /> 1:14:58 Why Be Optimistic About Crypto<br /> 1:17:13 Closing & Disclaimers</p> <p>------<br /> Resources:</p> <p>Matthew Green<br /> <a href= "https://twitter.com/matthew_d_green">https://twitter.com/matthew_d_green</a> </p> <p>Letter to Congress<br /> <a href= "https://concerned.tech/">https://concerned.tech/</a> </p> <p>In Defense of Crypto(Currency)<br /> <a href= "https://blog.cryptographyengineering.com/2022/06/09/in-defense-of-cryptocurrency/"> https://blog.cryptographyengineering.com/2022/06/09/in-defense-of-cryptocurre