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Michael Breitenbach — On Crypto, AI & Cynicism (EP.150)
Infinite Loops
Cryptocurrency - The Double Black Diamond of Behavioral Economics
There's a tension between these two competing desires that I think are important to watch. If you're going to get involved with a hypey market like crypto, you have to look, well, is this actually real? It's helpful if you're actually able to force yourself to be bearish on part of it because it prevents you from getting bubble brain. You want to figure out which portion of this actually serve a societal purpose and isn't just crap. And you want to be under allocated to it.
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