Riva Tez on crypto’s potential to bypass the administrative state:
I think you have to be quite deep into the technology to understand it.
If people just read about crypto in the news, right, you’ll be like, there’s all these scams, like maybe SBF, you read about prices, whatever, but you don’t understand the general functionality that happens from these decentralized systems.
I have been crypto native now for like, eight years. I don’t have a credit card. All my money’s in USDC ETH. And I see the potential of these tools.
So I do think, and this is kind of what the Mises Institute did say to me, that some of it is slightly generational. And I do understand that a bit because, like, you have to be playing with it. You have to be actually looking at what’s happening at the technology level, not just the price action level.
The mainstream is like, just looking at the price and the news. At the technology level, the potential of the tools, you’ll see how radical crypto is as a tool set to basically bypass a lot of fiscal policy. It really does have the potential to do these things. So I do think some of it is generational.
arjun / Arjun Khemani
npub179…ep48v
2024-07-23 08:42:44
Author Public Key
npub179esgzvcfqdukff5556r86hm34h2f3asu87xg4egxpr3leplca7syep48vPublished at
2024-07-23 08:42:44Event JSON
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"content": "Riva Tez on crypto’s potential to bypass the administrative state:\n\nI think you have to be quite deep into the technology to understand it.\n\nIf people just read about crypto in the news, right, you’ll be like, there’s all these scams, like maybe SBF, you read about prices, whatever, but you don’t understand the general functionality that happens from these decentralized systems.\n\nI have been crypto native now for like, eight years. I don’t have a credit card. All my money’s in USDC ETH. And I see the potential of these tools.\n\nSo I do think, and this is kind of what the Mises Institute did say to me, that some of it is slightly generational. And I do understand that a bit because, like, you have to be playing with it. You have to be actually looking at what’s happening at the technology level, not just the price action level.\n\nThe mainstream is like, just looking at the price and the news. At the technology level, the potential of the tools, you’ll see how radical crypto is as a tool set to basically bypass a lot of fiscal policy. It really does have the potential to do these things. So I do think some of it is generational. https://video.nostr.build/42ecadf6a21af88ccd179d9080124f7d748b4cd715fab415d81a4c995d77b664.mp4 ",
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