with Spencer Greenberg
the podcast about ideas that matter

Episode 038: Crypto Pros and Cons (with Sam Bankman-Fried)

April 30, 2021

What's the current state of cryptocurrency? What are the good and bad aspects of crypto? To what extent have the promises of crypto panned out? How do blockchain and cryptocurrency even work anyway? What are "proof of work" and "proof of stake"? What are the differences between Bitcoin and Ethereum? What sorts of transactions are made easy or possible by the blockchain that are difficult or impossible to perform with traditional currencies? What are non-fungible tokens (NFTs)? What (if anything) prevents people from doing nefarious things with cryptocurrencies? What are some of the exciting, positive things coming up on the crypto horizon?

Sam Bankman-Fried is the co-founder and CEO of FTX. Before venturing into crypto, Sam was a trader on Jane Street Capital's international ETF desk. He traded a variety of ETFs, futures, currencies, and equities, and designed their automated OTC trading system. He graduated from MIT with a degree in physics. Find him on Twitter at @SBF_FTX.




Click here to return to the list of all episodes.


Sign up to receive one helpful idea and one brand-new podcast episode each week!

Subscribe via RSS or through one of these platforms:

Contact Us

We'd love to hear from you! To give us your feedback on the podcast, or to tell us about how the ideas from the podcast have impacted you, send us an email at:

Or connect with us on social media: