The Dark Side of Crypto with Lee Reiners

In this episode of The Vivek Show, host Vivek Ramaswamy and guest Lee Reiners, a Duke University lecturer and financial regulation expert, discuss the aftermath of the 2008 financial crisis and its impact on American capitalism. They delve into the world of cryptocurrency, exploring its origins, security vulnerabilities, and philosophical implications. From the role of intermediaries to North Korea's use of cryptocurrency to fund its ballistic missile program, this conversation provides valuable insights into the complexities of the crypto ecosystem and the future of the financial system.-- Donate here: https://t.co/PE1rfuVBmb For more content follow me here: Twitter - @VivekGRamaswamy Instagram - @vivekgramaswamy Facebook - http://facebook.com/VivekGRamaswamy Truth Social - @VivekRamaswamy Rumble - @VivekRamaswamy --Time-codes: 00:00:25 - Negative impact of 2008 financial crisis on American capitalism 00:01:47 - Learning from past crises to prevent long-term damage 00:03:30 - Introduction of guest Lee Reiners and his background 00:06:58 - The polarizing nature of cryptocurrency 00:07:57 - Students becoming crypto regulatory experts 00:08:36 - Cryptocurrency failing as a store of value 00:10:35 - Blockchain technology as the backbone of cryptocurrencies 00:11:20 - Crypto as a peer-to-peer payment system 00:11:47 - Why people prefer intermediaries in crypto transactions 00:14:27 - Security vulnerabilities of cryptocurrency 00:15:33 - North Korea's exploitation of crypto vulnerabilities 00:16:14 - Cryptocurrency funding North Korea's ballistic missile program 00:18:18 - Complexities of regulating crypto exchanges 00:20:54 - Philosophical debate on property rights in cryptocurrencies 00:22:07 - The high-profile 2016 DAO hack on Ethereum blockchain Learn more about your ad choices. Visit megaphone.fm/adchoices