5min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E56: Constitution DAO, Rittenhouse trial coverage, private sector efficiency vs the government

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

Cryptocurrency Markets Don't Work With This Much Transparency

Citadel ceo kn griffin outbid a group of crypto investors for a copy of the us. Constitution, according to the welshre journal. Markets only work when people have different information than other people that are participating in the market. There is no natural market force that says, a bid and an ask, what are you willing to pay? And is there a walkaway price? Why do you think everything the government buys inflates? Because everyone already knows what the government is going to spend on that thing. It's really the reason why the way that we budget things isn't based on fixed dollar amounts.

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