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E69: Good vs Bad Bubbles, Stagnation, and Bitcoin [Byrne on Bankless]

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Manage episode 476164914 series 3529350
Content provided by Natalie Toren, Byrne Hobart, and Erik Torenberg. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Natalie Toren, Byrne Hobart, and Erik Torenberg or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode of The Riff, we are releasing a conversation Byrne Hobart had on the Bankless podcast about Byrne's book Bitcoin, exploring the provocative idea that speculative Bubbles—while sometimes destructive—can be powerful drivers of innovation, with examples from history and present-day trends like AI and crypto, ultimately highlighting the value of embracing risk to shape a transformative future.

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🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse.

---

Highlights from the Episode:

  • Bubbles as coordination mechanisms: Byrne argues that certain bubbles are actually productive forces that help coordinate massive resources toward ambitious technological goals that wouldn't otherwise be achieved.
  • Technological clusters in time: Just as certain industries cluster geographically (finance in NY, film in LA), bubbles create "clusters in time" where talent and capital converge to build related technologies
  • Bitcoin and Crypto Evolution: Byrne traces his early interactions with Bitcoin from skeptical commenter to eventual participant. Bitcoin's resilience after Silk Road shutdown demonstrated it had value beyond illegal markets.
  • Great Stagnation and Risk Aversion: Modern society has become increasingly risk-averse, favoring safety, credentials, and incrementalism over bold innovation.
  • Future Frontiers for Bubbles: From space exploration and Mars colonization to crypto, digital property rights, biotech, life extension, energy innovation, and the emerging frontier where AI and crypto intersect, we are still in the early stages of transformative breakthroughs.

--

SPONSORS:

NetSuite

More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102

---

LINKS:

Byrne’s writing: https://thediff.co

Bankless: https://www.bankless.com/podcast/why-bubbles-are-good-byrne-hobart

---

X / TWITTER:

https://x.com/BanklessHQ (Bankless)

https://twitter.com/ByrneHobart (Byrne)

https://twitter.com/TurpentineMedia (Turpentine)

  continue reading

83 episodes

Artwork
iconShare
 
Manage episode 476164914 series 3529350
Content provided by Natalie Toren, Byrne Hobart, and Erik Torenberg. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Natalie Toren, Byrne Hobart, and Erik Torenberg or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode of The Riff, we are releasing a conversation Byrne Hobart had on the Bankless podcast about Byrne's book Bitcoin, exploring the provocative idea that speculative Bubbles—while sometimes destructive—can be powerful drivers of innovation, with examples from history and present-day trends like AI and crypto, ultimately highlighting the value of embracing risk to shape a transformative future.

---

🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse.

---

Highlights from the Episode:

  • Bubbles as coordination mechanisms: Byrne argues that certain bubbles are actually productive forces that help coordinate massive resources toward ambitious technological goals that wouldn't otherwise be achieved.
  • Technological clusters in time: Just as certain industries cluster geographically (finance in NY, film in LA), bubbles create "clusters in time" where talent and capital converge to build related technologies
  • Bitcoin and Crypto Evolution: Byrne traces his early interactions with Bitcoin from skeptical commenter to eventual participant. Bitcoin's resilience after Silk Road shutdown demonstrated it had value beyond illegal markets.
  • Great Stagnation and Risk Aversion: Modern society has become increasingly risk-averse, favoring safety, credentials, and incrementalism over bold innovation.
  • Future Frontiers for Bubbles: From space exploration and Mars colonization to crypto, digital property rights, biotech, life extension, energy innovation, and the emerging frontier where AI and crypto intersect, we are still in the early stages of transformative breakthroughs.

--

SPONSORS:

NetSuite

More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102

---

LINKS:

Byrne’s writing: https://thediff.co

Bankless: https://www.bankless.com/podcast/why-bubbles-are-good-byrne-hobart

---

X / TWITTER:

https://x.com/BanklessHQ (Bankless)

https://twitter.com/ByrneHobart (Byrne)

https://twitter.com/TurpentineMedia (Turpentine)

  continue reading

83 episodes

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