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E34: Chamath & Tinder, Threads API, and the Difficulties of Scaling AI Labs
"The Riff" with Byrne Hobart and Erik Torenberg
Crypto's Genesis Inspired by Financial Crisis
The creation and launch of Bitcoin were greatly influenced by the financial crisis, as seen in the choice of headlines for the Genesis Block related to bank bailouts. This event highlighted the lower trust in the financial system and emphasized the importance of reevaluating the perceived stability of the financial sector. The crisis revealed that the breakdown in short-term liquidity supply among financial institutions, more than subprime mortgage defaults, triggered the severe deleveraging and escalated the crisis.
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