Unchained

Chris Burniske: A Blank Slate of State - Ep.163

Mar 17, 2020
Chris Burniske, a partner at Placeholder Capital and a thought leader on the societal implications of crypto, dives deep into the values shaping the cryptocurrency landscape. He discusses the dangers of prioritizing market values over societal virtues and the unique chance crypto has to recalibrate these values. Burniske reflects on his transformative journey from finance skeptic to advocate for ethical innovations. He explores the balance between privacy and compliance, the subjectivity of financial values, and advocates for a future where fairness drives economic systems.
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ANECDOTE

Burniske's Conflicting Upbringing

  • Chris Burniske's upbringing instilled conflicting views on finance: his educator parents critiqued Wall Street while also emphasizing frugality.
  • This led to an initial aversion to finance, which shifted after meeting Kathy Wood, who challenged him to change the system from within.
INSIGHT

Finance as a Tool

  • Finance is a tool that can be used for good or bad, similar to how fire can be used for warmth or destruction.
  • Markets, while powerful, should not dictate societal virtues, as this can perpetuate negative societal consequences.
INSIGHT

Shifting Virtues

  • Societal virtues have shifted from temperance and justice to consumption and profit since the Industrial Revolution.
  • This shift, driven by market values, has inverted the common human aspiration, emphasizing material pursuits over traditional virtues.
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