Is crypto truly the next big thing, or is it just a money-sucking flash in the pan? In a wide-ranging interview, journalist Laura Shin explains what crypto is (and what it definitely isn't), taking us through the most recent turns in its constantly evolving story -- including the recent meltdown caused by the bankruptcy of FTX. (This conversation, hosted by TED tech curator Simone Ross, was part of an exclusive TED Membership event on November 30, 2022. Visit ted.com/membership to become a TED Member.) If you love watching TED Talks like this one, become a TED Member to support our mission of spreading ideas: http://ted.com/membership Follow TED! Twitter: http://twitter.com/TEDTalks Instagram: https://www.instagram.com/ted Facebook: http://facebook.com/TED LinkedIn: https://www.linkedin.com/company/ted-conferences TikTok: https://www.tiktok.com/@tedtoks The TED Talks channel features talks, performances and original series from the world's leading thinkers and doers. Subscribe to our channel for videos on Technology, Entertainment and Design — plus science, business, global issues, the arts and more. Visit http://TED.com to get our entire library of TED Talks, transcripts, translations, personalized talk recommendations and more. Watch more: https://go.ted.com/laurashin https://youtu.be/pVZzgzYZdCA TED's videos may be used for non-commercial purposes under a Creative Commons License, Attribution–Non Commercial–No Derivatives (or the CC BY – NC – ND 4.0 International) and in accordance with our TED Talks Usage Policy (https://www.ted.com/about/our-organization/our-policies-terms/ted-talks-usage-policy). For more information on using TED for commercial purposes (e.g. employee learning, in a film or online course), please submit a Media Request at https://media-requests.ted.com #TED #TEDTalks #crypto