4min chapter

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Ben Horowitz and Brian Armstrong on Building and Overcoming the Hard Things

a16z Podcast

CHAPTER

Is Enron a Ponzi Scheme?

I think it's baffling to me why he's not in custody already. I think there's a very open and shut case of fraud. The minute he actually gets indicted, or maybe convicted, I think that should be a moment where any sensible person who took this money should think about giving it back. So yes, we should have more clear regulation here in the US, but the regulators kind of bear some of the responsibility for what happened. And crypto has the opportunity to create something much better than the current system long term.

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