Londr: I find crypto very interesting. But i haven't yet seen an outside, realistic economic purpose for a lot of this activity. All the stable coins that are now invented their basically synthetic dollars in order to able people to stay within the crypto eco system. A buyer of an n of t will sell it to another buyers of an nft like it feels very self referential and very self dealing ish to me. What percentage of these nft projects, crypto projects, do you think our actually being used actively as money? Londr,. i mean, i would say a decent chunk of them, but i do not have a good estimate. This kind of concerns
Tracy Alloway is the co-host of the Odd Lots podcast and a managing editor at Bloomberg Markets. You can follow Tracy on Twitter at https://twitter.com/tracyalloway and listen to her podcast here: https://open.spotify.com/show/1te7oSFyRVekxMBJUSethH Show Notes:
- Financial crisis hindsight
- Being obsessed with risk and systemic stability
- Historical parallels to the crisis of ‘08
- Macro vs. micro bullshitting
- Why people refuse to say “I don't know”
- Victorian chicken bubble
- Tales of forensic accounting
- NFTs being used to launder money?
- NFTs’ path to success
- Insights from collapse of previous civilizations
- Understanding the Human OS
- Fair Wages for Robots
- Praise for Citi’s Matt King and Credit Suisse’s Zoltan Pozsar