5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC117: Bitcoin and the Start of the Information Era w/ Luke Broyles (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

When You Corrupt the Money, You Corroil the Incentives

When you corrupt money, it basically corrupts the incentives and it corrupts society. And this is why you're seeing so much more speculation today. This is why you see so many more gamblers today. People are becoming dependent on gambling and all that because we've corrupted the incentives in every layer of the world. So when you corrupt those incentives, you corrupt the society as well. It's a feedback loop that continues from there.

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