2min chapter

GoodFellows: Conversations from the Hoover Institution cover image

Food for Thought

GoodFellows: Conversations from the Hoover Institution

CHAPTER

Cryptocurrency

I think cripto will find its usesa cheap transactions isn't one of them. I'm a pro crypto, but we don't call it that any more. We call it web three, a buccus. Crypto is a word that alarms people in washington and creates an impulse on the part of the administrative state to regulate something before it's properly understood. Right now, bict coins like an option on gold. That was the phrase my friend map mc clennon used when he was trying to explain it to me quite a few years ago now. And i like that term because it behaves a bit like an option. You're really taking some kind of bet on the

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode