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Meltem Demirors: The Dark Side of Crypto

The Pomp Podcast

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The Circularity of Capital

circularity of capital problem if everyone's motivated by financial return what ends up happening is you have people who have a short time frame that short attention span. The minute that it's no longer worth spending a minute of time on a project because you're not going to get any juice out of it what's your incentive as an investor to spend time on it yep they're gone so uh all right so we got the shickcoin waterfall yeah let's stay within bad actors in the investing communityYeah i think part of it is there is no utility for these tokens there's speculative assets for ideas that are poorly implemented in some cases um and look it's not a criticism i sympathize with people

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