Tyler Cowen on the Great Stagnation’s End

“Well, I had been a sceptic for quite a few years. But I am slowly being converted. And I would say most intelligent people outside of crypto still underrate them, because they don’t get it. It’s clear to me now it’s not a bubble. It is consistently attracting talent. Even with advances in normal payments technologies, the interest — extreme intere... See more

“Crypto talent comes from all over the world, which I think is phenomenal. Crypto talent is often so positive and so creative. I think Vitalik Buterin in particular is just one of the most important thinkers today.”

I think there will be both centralised and decentralised crypto. I’m not sure in what ratio. I suspect centralised crypto will be considerably larger, but decentralised crypto, if only as an alternative, could still be incredibly significant, because it will limit and constrain what centralised crypto can do, right, in terms of sort of implicitly t... See more