5min chapter

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510. What Problems Does Crypto Solve, Anyway?

Freakonomics Radio

CHAPTER

Cryptocurrency

Christian catalini says there's too much focus on the speculative and asset angle, he is primarily talking about crypto currency trading. The facebook stable coin, for instance, was designed to power a new universal payment system. Catalini: One of the main challenges for this space is it has always worked with the wrong metrics because they don't capture actual progress. You could have a network that has a very large market cap but doesn't translate into meaningful interaction in real time.

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