Scientific American Talks The Rise of Cryptocurrency
Jen Schwartz, senior editor and blockchain expert at Scientific American, talks the magazine's latest articles on the rise of Bitcoin and what impact cryptocurrencies may have on our future.
Schwartz digs into how what people currently love about cryptocurrency could be seen as a threat in the future. One of the positives of cryptocurrency is its lack of centralization and regulation. But if entire countries begin to use it as their national currency, everything citizens purchase will be seen by the government.
Schwartz digs into some of the biggest questions around the rise of Bitcoin today - how will it benefit everyday people in the long-term? What happens if the bubble bursts, and what will that do for investor trust in cryptocurrency?
Schwartz gives her advice for people looking to possibly invest in Bitcoin, adding that if you are not concerned with losing money and you're looking to experiment, make the investment. If risk is a big concern for you, investing in crypto right now may not be the right move.
Alex Wilhelm, a senior editor at TechCrunch, joined Cheddar to talk about the ups and downs of fashion rental company Rent the Runway as it went public on the Nasdaq. "In the case of Rent the Runway, the economics of its core business are a little bit suspect, I think, and the company's high debt load puts a pretty serious drag on its operations," he said. "And so when you consider it's going to spend a lot of its IPO paying down debt, you wonder what's going to be left over to fund future growth."
Following the 100,000 Tesla Model-3 order by rental car company Hertz, Uber announced its drivers will be able to rent Teslas for work beginning in 2023. Of the Hertz purchased Model 3 cars, 50,000 of those will be available to Uber drivers starting at $344 per week.
A wave of companies spanning several industries is reporting their Q3 earnings reports on Wednesday. Strategic marketing across brands is said to have played a role in what's looking like a successful quarter overall.
Jill and Carlo discuss the pending approval for Pfizer's vaccine for kids, the state of anti-Semitism three years after Tree of Life, potential criminal charges in the 'Rust' prop gun shooting and more.