2min chapter

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#192 – Charles Hoskinson: Cardano

Lex Fridman Podcast

CHAPTER

Is F Essential to the Financial Operating System?

Finance is kind of like this field of managing your resources in an intelligent way. And you call it so-fi too, social finance. The concept is that you have something and you want to be able to store it, transform it, trade it, and use it to survive. Do you do those on centralized controlled rails where there are these third parties that are basically able to live off those things? Or do you want to do it on rails where there's no middleman? You have a direct relationship with whoever you're doing business,. If you invite more people to the transaction, they're middleman of value, not necessity.

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