Chapter
The Short Run and Long Run Utility of Crypto
1:34:22 - 1:43:15 (08:53)
Crypto provides a solution for individuals living in areas with weak property rights by offering a new and improved way of having portable wealth. However, it is uncertain whether investing in crypto would be beneficial during a world war three scenario that would greatly impact global finances, especially the China trade.
Clips
The world of finance has always been highly regulated, which makes it difficult for new players to come in and innovate.
1:34:22 - 1:36:55 (02:33)
Summary
The world of finance has always been highly regulated, which makes it difficult for new players to come in and innovate. The need for a stable off-ramp for tax payments is crucial for the industry to move forward.
ChapterThe Short Run and Long Run Utility of Crypto
Episode#239 – Niall Ferguson: History of Money, Power, War, and Truth
PodcastLex Fridman Podcast
Crypto provides a solution for people living in places with failing rule of law by acting as a store of transferable wealth.
1:36:55 - 1:43:15 (06:20)
Summary
Crypto provides a solution for people living in places with failing rule of law by acting as a store of transferable wealth. However, the impact of a potential world war three on the financial world may raise questions of whether to invest in crypto in the long term.