2min chapter

"Moment of Zen"  cover image

E15: Nic Carter on Balaji's Bet, Operation Chokepoint 2.0, and the Fed's financial crisis

"Moment of Zen"

CHAPTER

Crypto and the Global Financial Reboot

I used to work in conventional finance I was a quant on the Golden Trading desk ages ago and it's interesting to me to see certain things developed in DeFi. A lot of the things are speed running but conventional banking systems don't you know for a lot of time run up speculation runs etc like none of this is novel they're just speed running but some of it actually is quite novel actually right? We asked Bernhobart how much of the financial system that we see operative right now is a legacy of basically the analog era which date back to 16th century Dutch jurist who said ship payloads should be recompensed on loss or some shit. Now we're kind of rebooting

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