Moral hazard for all (E1568)
In this episode of the Keiser Report, Max and Stacy discuss the retail investors who piled into bankrupt companies and are now begging bankruptcy judges to save them from wipeout – something which happens almost with certainty for shareholders in all cases of bankruptcy. In the second half, Max interviews theoretical physicist and bitcoin mining expert Bob McElrath about the significance of bitcoin’s hashrate hitting 125 exahash, and whether or not quantum computers could ever threaten the security of the network.
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