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4min chapter
E33: Apple’s hypocrisy, America’s math failure, crypto’s regulatory correction, Clubhouse’s future, UFOs & more
All-In with Chamath, Jason, Sacks & Friedberg
The Black Swan on the Negative Side
If anyone ever manages to counterfeit a bit coin or thit's the double spend problem, right? That would be the black swan on the negative side. The only way it works is everyone believes that more people are going to believe in it to morrow than believe in it to day. And so why have the comparison to the dollar as the objective for bid coin? Why is the objective not transactions, number of people that are active on the network, et cetera?, he asks.
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