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6min chapter
Omid Malekan (Columbia) on Trust & Finance
Galaxy Brains
The Banking System Is Going to Throw a Fit
The idea that we actually by law now create financial institutions that are too big to fail is dangerous. We want the system to be as diffuse, distributed and decentralized as possible. Not for any political reason because it's safer and more resilient that way. But I think the banking system is going to throw a fit. That's why our show was called 'That's Why' Do you really talk about this with FTX and blopes? Oh, how hard is it to tell that story? It wasn't the blockchain that was indicted. They're not classic central bankers. The problem of banks in America right now is like 10,000 and 2,000 in the year 2000, and now
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