Chapter
The Changing Meaning of Wealth with Cryptocurrency
1:14:44 - 1:23:23 (08:38)
Cryptocurrency represents a new concept of wealth that goes beyond cash exchanges and allows for the creation of new futures through transactions that represent agreements and little contracts between individuals.
Clips
This conversation discusses the risks associated with using derivatives, such as options and shorting, for investing, due to their unpredictable nature and reliance on multiple independent bets.
1:14:44 - 1:17:16 (02:31)
Summary
This conversation discusses the risks associated with using derivatives, such as options and shorting, for investing, due to their unpredictable nature and reliance on multiple independent bets.
ChapterThe Changing Meaning of Wealth with Cryptocurrency
Episode#159 – Richard Craib: WallStreetBets, Numerai, and the Future of Stock Trading
PodcastLex Fridman Podcast
With cryptocurrency, the meaning of wealth becomes more abstract, with transactions between people representing something larger than just an exchange of cash.
1:17:16 - 1:21:16 (03:59)
Summary
With cryptocurrency, the meaning of wealth becomes more abstract, with transactions between people representing something larger than just an exchange of cash. The concept of money is shifting as we can bring about a different future with it.
ChapterThe Changing Meaning of Wealth with Cryptocurrency
Episode#159 – Richard Craib: WallStreetBets, Numerai, and the Future of Stock Trading
PodcastLex Fridman Podcast
A discussion on the future of cryptocurrencies, including speculations on which ones will prevail and what the industry might look like years from now.
1:21:17 - 1:23:23 (02:05)
Summary
A discussion on the future of cryptocurrencies, including speculations on which ones will prevail and what the industry might look like years from now.