5min chapter

Bankless cover image

152 - Why Can't We Have Nice Things | Liv Boeree

Bankless

CHAPTER

Crypto Poker Is Like 97% Dudes

Moloch: A system can be poorly designed whereby bad incentives cause it to sort of fall off a cliff essentially. In the first example, everyone is standing up and everyone in the stadium is like, wouldn't it be so great if we all together just sit down. Same thing with women using social media and like terribly psychologically unhealthy beauty filters. It's just like, what if we all stop? We all agreed. Let's not use them. And we don't have that power because we've called God this good coordination failure. Moloch: One of the very big ones that illustrates why the power of nuclear proliferation is so strong is incredibly strong.

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