2min chapter

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#80 – Vitalik Buterin: Ethereum, Cryptocurrency, and the Future of Money

Lex Fridman Podcast

CHAPTER

Cryptocurrency Stickiness

It's a sort of thing that's definitely been economically modeled a lot. Like if for example, 80% of people in a country just tomorrow suddenly had the idea that the laws that are currently the laws in the government would become the new reality. That's stickiness. It seems to work and I think some of the cryptocurrency ideas kind of rely on it working. But one of the results is that when the switch happens definitely can be chaotic sometimes.

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