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Masala Money: Krish Ashok X Deepak Shenoy on Food and Finance
Capitalmind Podcast
Cryptocurrency
Lon: It's harder to choose a product and have is honor somewhere else than if you only had about three or four choices. Ani, that have finis the issue with a lot of these financial tools as well. Lon: I love the fact that tech is able to build its own currency, but i do feel that sometimes we're einventing the financial world.
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Speaker 1
It's made life more complicated. It's sort of the larger philosophical sense that somehow, ah, we are less er, we are less aware. I have insights about what is going on in the world in a world with social media, than in a world where you got your news only about half an hour everyday night, because somebody summarized it, somebody curated it, and that was the only time you consumed that news. And now you're in the torrent of information a that you don't know what is, what is accurate, what is fake, what is politically motivated, and what is opinion, right? And i think, ithink it applies to pretty much everywhere, right? And i think it's, it's harder to choose a product and have is honor somewhere else than if you only had about three or four choices and so on. I think its a tyranny of choice. And i think r at the same time, it is always good for there to be more choices, but think the tools in the u x to to make it easy for people to process a multitude of ses. I don't want the choices to go away a but i want us to be able to er have exposure to those choices in a more meaningful, a sort of, shall we say, a a carefully sort of curated discovery, rather than just dump everything at you, right, kind of way. Ani, that have finis the issue with a lot of these financial tools as well. Sot, brings me to my sort of last question. We spo i think you spoke about lottery. We spoke about risk, and it's, it's only fair that we end our question with something that's on everybody's heads right now, crypto, right? Ah, you know, so don't have to get too much into it, but you're broad thoughts, you know. Is it like yes or no? Lon, very,
Speaker 2
very, very strongly now. And i'll tell you, think a, a. I the problem that i have with crypto. And i'm a tech person. I love the fact that tech is able to build its own currency, but i do feel that sometimes we're einventing the financial world. And the same scamps that the financial world hare to go through, which is why the regulations are the way they are. So the same scamps are coming back in the crypto world and esa doing anything to stop them. And they
Speaker 1
haven't designed for it.
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