Business Latest | Stop Trying to Unmask Satoshi Nakamoto by Katie Drummond
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Ben McKenzie, the actor‑director best known for “The O.C.,” spent the past five years warning that cryptocurrency is a dangerous, cult‑like speculation scheme, arguing that the mystery surrounding Bitcoin’s creator Satoshi Nakamoto only fuels its mythic appeal. In a Wired interview he explains that crypto’s core promise—“fixing the broken financial system”—is false, noting that most use cases are limited to speculation, gambling, and illicit activity, with an estimated $150 billion of crime funneled through digital currencies each year. He recounts his 2022 Senate Banking Committee testimony, his 2023 book *Easy Money* (co‑authored with Jacob Silverman), and his documentary *Everyone Is Lying to You for Money*, which expose the industry’s fraud, the role of corporations in mining Bitcoin, and the systemic risk posed by stablecoins that masquerade as fiat‑backed money. McKenzie believes crypto should be treated as a security, tightly regulated, and ultimately eliminated as a legitimate monetary system, while acknowledging that its existence highlights the deep failures of the current financial order.
Read more: https://www.wired.com/story/the-big-interview-podcast-ben-mckenzie-crypto/
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