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#239 – Niall Ferguson: History of Money, Power, War, and Truth
Lex Fridman Podcast
Is Fintech a Good Idea?
Fintech can remove a lot of inefficiencies in the system. I'm super excited myself, maybe as a machine learning person in data oracles. And have smart contracts on top of that so that no longer is there's this fuzziness about what is the concrete nature of the agreements. You can just create all kinds of interesting applications that completely revolutionize how humans transact. We must at all costs make sure that the Western world has something distinctive to offer. It can't just be, oh, it's the same as in China, only the data go to five tech companies rather than Xi Jinping.
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