AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
140 - The Future is Fiat | Noah Smith (Noahpinion)
Bankless
Is Bitcoin a Ponzi Scheme?
The world of finance is like a set of Ponzis built on top of each other with a dollar at the very bottom. There's tons of, you know, it's mostly in debt markets, which is why the debt markets are so much bigger than the equity markets. Most of financial regulation is just trying to stop these natural Ponzi bubbles from just like frothing because people get mad that they lose their money.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode