Freakonomics Radio 508. Does the Crypto Crash Mean the Blockchain Is Over?
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Jun 23, 2022 Ariana Simpson, a general partner at Andreessen Horowitz specializing in Web3 and crypto, joins economist Eric Budish from the University of Chicago. They dive into the aftermath of the recent crypto crash and assess the resilience of blockchain technology. Topics include the challenges of speculative investments, the transformative potential of cryptocurrencies, and the urgent need for regulatory frameworks. They also explore the evolution of blockchain beyond currency and the intersection of art and market dynamics in the crypto space.
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Zimbabwe Hyperinflation
- Ariana Simpson's experience with hyperinflation in Zimbabwe led her to explore alternative monetary systems.
- A friend introduced her to Bitcoin, sparking her interest in blockchain technology.
Argentina Inflation
- Coinbase CEO Brian Armstrong's time in Argentina exposed him to the wealth erosion caused by inflation.
- This experience shaped his understanding of unstable currencies and their impact on society.
Blockchain Incentives
- Blockchains are systems managed through tokens, incentivizing good behavior among stakeholders.
- Cryptocurrencies, or tokens, orchestrate user behavior within these systems, enabling new functionalities.