153 - Why Crypto is Underrated with Tyler Cowen

✨ DEBRIEF | Unpacking the Episode:
https://shows.banklesshq.com/p/tyler-cowen-debrief

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Tyler Cowen is an American economist, columnist, and blogger. He’s also a professor at George Mason University, where he also produces the Conversations with Tyler podcast with guests like Vitalik Buterin. Marc Andreessen, and Ray Dalio.

In today’s episode, Tyler shares why he thinks regulators should pause and wait before passing crypto regulation in the wake of FTX, how FTX and Enron are similar, why he calls himself a crypto-hopeful (even though he thinks Balaji’s Network State idea is utterly wrong). And finally, we play Tyler's favorite game—Overrated vs. Underrated—about everything relevant in 2023: Crypto AI, Inflation, America, China, Social Media, Wealth Inequality, and more.

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Topics Covered

0:00 Intro
6:10 Tyler’s 2023 Crypto Thoughts
6:50 Why Crypto is Confusing
9:04 Is Crypto Overrated?
10:25 Is Crypto Worth it?
12:19 Regulation
19:33 On-Chain Privacy, Taxes, Surveillance
24:00 FTX vs. Enron
27:35 Wealth Inequality
32:05 Crypto Regulation vs. Innovation
34:48 Can the U.S. Choke Crypto?
36:24 Crypto vs. the Internet
37:56 Whose at Fault for FTX?
40:00 Crypto Self-Regulation
45:16 A.I. Regulation
46:46 A.I.’s SBF Moment?
48:05 Is the Future Closer than it Appears?
50:31 Human Self-Regulation
51:16 Economists & Crypto
53:20 Vitalik
54:16 Free Markets & Greed
55:21 Overrated vs. Underrated
1:00:24 Balaji’s Network State
1:01:47 Banks
1:02:15 Closing & Disclaimers

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Resources:

Tyler on Twitter
https://twitter.com/tylercowen

Tyler’s Blog
https://marginalrevolution.com/

Tyler’s Podcast
https://conversationswithtyler.com/

Beware the Dangers of Crypto Regulation
https://www.washingtonpost.com/business/beware-the-dangers-of-crypto-regulation/2023/01/03/27f6f31a-8b63-11ed-b86a-2e3a77336b8e_story.html

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures