3min chapter

Bankless cover image

151 - Why Are We Here? with Erik Voorhees

Bankless

CHAPTER

What Is the Difference Between Coercive Power and Creative Power?

There's two very clear distinct types of power. One is like the voluntary power or influence that you have in your social circles. But it's not coercive power. Creative power is something else. Coercive power is where there's not like some voluntary accord being followed, but you're forcing someone or defrauding someone Or lying in some way where you've actually coerced behavior. Those people tend to not seek power. They tend to not centralize power around themselves. And when you say there's this bias towards power, I think of Sam Bankman-Fried trying to take in as many customer deposits as possible and raise as much money as possible. He crossed that line into coercion

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