5min chapter

The Tim Ferriss Show cover image

#606: Balaji S. Srinivasan — 5-10-Year Predictions, How to Start a New Country, Society-as-a-Service (SaaS), Bitcoin Maximalism, Memetic Warfare, How Prices Are Born, Moral Flippenings, The One Commandment, and The Power of Missionary over Mercenary

The Tim Ferriss Show

CHAPTER

How a Price Is Born?

There's this concert called market depth. And if you've ever looked at coin base pro or any crypto exchange, you see this like v like thing with the te buy orders on onea side and sell orders on this side. This is like how a price is born. Normally, most people in normal life are price takers. But when you're purchasing in bulk, suddenly people are negotiable. That's kind of like buy and sell pressure. So it's social and financial volatility. It's so lit' art with financial because it's more quantitative than people know better.

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