The Tim Ferriss Show cover image

#244: The Quiet Master of Cryptocurrency -- Nick Szabo

The Tim Ferriss Show

00:00

Or Bubble's a Bad Thing?

In many people's minds, bubbles are a bad thing. Yet after a bubble bursts, then you have out of the money investors incentivized to create services and applications that are now these sot of thin applications. I read something a couple of years backth that showed that as the stock market is becoming more efficient, it's actually becoming more volatile. That's like the story why you ca look at long term capital management an the all sorts of high frequency trading. So overtime, we should see bubbles form faster, pop more quickly. A and i think they'll fall into a power law distribution, like there there'll be ones that'll be really large. But this idea that the future

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app