Ep 3. Mar 4, 2018

In season 5 episode 3 of Last Week Tonight with John Oliver, the comedian and political satirist dives into the complicated and controversial issue of cryptocurrency. Oliver starts by acknowledging the growing popularity of Bitcoin and other digital currencies, but quickly points out the complexities and risks involved in investing in these decentralized forms of currency.

Oliver explains the concept of a blockchain, the decentralized ledger that powers many cryptocurrencies, and emphasizes the high level of energy consumption required to mine and maintain these digital currencies. He also highlights the lack of regulation in the cryptocurrency market, which has allowed for fraudulent schemes and scams to thrive, causing many investors to lose large sums of money.

In addition to these concerns, Oliver examines the questionable practices of many cryptocurrency founders and leaders, who have been known to make sexist and racist remarks, engage in insider trading, and spew conspiracy theories.

Despite its flaws, Oliver admits that cryptocurrency is not going away anytime soon and suggests that investors should educate themselves thoroughly before jumping into the market. He also calls out the hyped-up claims of many cryptocurrency advocates, cautioning viewers to be skeptical of promises of quick and easy money.

Beyond the topic of cryptocurrency, Oliver also delves into the ongoing scandal surrounding the Trump administration's ties to Russia. He examines the recent news of a firing spree at the State Department, which many believe is an attempt to oust employees who may be critical of President Trump's policies or have connections to Russia.

Oliver also addresses the ongoing investigation into Russian interference in the 2016 presidential election, suggesting that the issue should not be framed as a partisan one but rather as a potential threat to democracy. He reminds viewers that the US has a responsibility to ensure fair elections and to hold those who attempt to undermine them accountable.

Throughout the episode, Oliver adds his signature humor and wit to the serious and often-perplexing topics at hand. He combines sharp commentary with in-depth research and analysis, giving viewers a deeper understanding of these complex issues. Overall, season 5 episode 3 of Last Week Tonight with John Oliver is a must-watch for anyone interested in cryptocurrency, US politics, and the intersection of the two.