2min chapter

Animal Spirits Podcast cover image

Extreme Cost Cutting (EP.266)

Animal Spirits Podcast

CHAPTER

The Problem in Crypto Is Not the Technology, It's the People

The problem in crypto is not the technology, it's the people. The people who won the lottery when they got into bit coin early have zero idea how to manage risk or how this stuff works in the real world. I feel like this is a space that needs to be regulated, which is exactly the antithesis of crypto. Just seven week after crypto exchange gemd i, cout approximate tenpercent of its work force due to turble marking conditions. But just to show you how wild the swings were, so eth is up 51 % over the lest even days. Again, that's 51 % in seven days, and still down 50 % of the last three months. There is a rally

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