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#345 – Coffeezilla: SBF, FTX, Fraud, Scams, Fake Gurus, Money, Fame, and Power
Lex Fridman Podcast
The Stablecoin Death Spirale
Stablecoin death spiral. I can't wait till that actually enters the lexicon like a Wikipedia page on it. Like economic students are learning in a school. That's like a chapter in a book. Anyway, this is the reality of our world. This is a really big part of our of the economic system is cryptocurrency and stable coin is part of that. But ironically, you get some people creating these arbitrarily complicated financial products like algorithmic stablecoins which then introduce more risk and blow everything up.
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