On The Other Side cover image

65. Bailout Brink: The Tale of Two Bank Collapses w/ David Phelps

On The Other Side

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Cryptocurrency and the Game for Rich People

I feel like sometimes in the eyes of really, really wealthy people, there's a weird world in which everyone else is basically an NPC in their game and a lack of recognition that we are not NPCs. And I think sometimes we do that in crypto where it's like we're designing systems where people act rationally or frankly, like we don't even consider what this means for real people. Like you become the mob because you would be dumbed out to you. Yeah, yeah, they're the players of the game who are like mining profit for the people who created it. So thank you for sharing this story and thank you for coming on and reading it.

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