Chapter
The Psychology of Believing Craig Wright
1:04:33 - 1:10:05 (05:32)
The appeal of Craig Wright can be likened to that of Donald Trump - playing to the resentments and anger of his audience. Believing his claims also comes from a lack of understanding in mathematical nuance and being caught up in the rallying effect of a strong, seemingly justifiable cause.
Clips
The speaker compares Craig Wright to Trump, stating that he plays to people's resentments and says things they want to hear, despite not being very intellectual.
1:04:33 - 1:06:27 (01:53)
Summary
The speaker compares Craig Wright to Trump, stating that he plays to people's resentments and says things they want to hear, despite not being very intellectual. He also discusses how most major players in the cryptocurrency space do not believe Wright's claim to be Satoshi Nakamoto, the creator of Bitcoin.
ChapterThe Psychology of Believing Craig Wright
Episode#188 – Vitalik Buterin: Ethereum 2.0
PodcastLex Fridman Podcast
The excitement of Bitcoin is more than just profits, it is a response to deep frustrations with traditional banks and financial systems.
1:06:27 - 1:10:05 (03:38)
Summary
The excitement of Bitcoin is more than just profits, it is a response to deep frustrations with traditional banks and financial systems. However, it also makes it easy to fall into a cult-like mentality and be susceptible to misleading narratives.