A Crypto Skeptic Takes on Web3: ‘There’s No Real-World-Use Case’ for Cryptocurrencies
cryptocurrency markets and a big year for Web3 thievery in general, from NFT kidnappings to hacks taking aim at the crypto exchanges and the “bridge” entities that facilitate sales and trades. Duke University lecturing fellow Lee Reiners has emerged as a vocal doubter of the viability of cryptocurrencies as a meaningful factor for nations and commerce, particularly for the kind of rights-laden contracts struck in the entertainment industry. Reiners, who also hosts “The FinReg Pod” podcast on money and regulatory issues, was blunt in assessing the crypto moment as little more than a tulip-like investment fad in a conversation with Variety Co-Editor-in-Chief Cynthia Littleton.