The entire financial stack is collapsed into one product, and that product is the exchange. In crypto, the only people involved in the average transaction are the buyer, the seller and the exchange. All those functions from ring settlement, risk compliance, know, your customer, a moblaapi matching engine, all of that is collapsed into the exchange. And so if you wanted to address the infro structure, that's where you went with f t x.
In this episode of the podcast, Sam Harris speaks with Sam Bankman-Fried about effective altruism. They discuss how he became the wealthiest self-made billionaire under 30, what might go wrong with cryptocurrency, the Giving What We Can pledge, how SBF thinks about using his resources to do the most good in the world, how not to stigmatize wealth, wealth redistribution, norms of generosity among the ultra-wealthy, pandemic preparedness, impact through lobbying, how ambitious should we be in doing good, and other topics.
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Learning how to train your mind is the single greatest investment you can make in life. That’s why Sam Harris created the Waking Up app. From rational mindfulness practice to lessons on some of life’s most important topics, join Sam as he demystifies the practice of meditation and explores the theory behind it.