22 - The People’s Narrative | Ben Hunt
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 20 July 2020
⏱️ 107 minutes
🧾️ Download transcript
Summary
Episode: #22
July 20, 2020
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Tools from our sponsors to go bankless:
- Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS")
- Ramp - the fiat onramp for DeFi (mention Bankless!)
- Monolith - holy grail of bankless Visa cards
- Aave - money lego for lending & borrowing
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You need to understand the mental models of Ben Hunt to understand what's really going on in crypto. You need his models of epsilon, game theory, narrative, and common knowledge to truly understand markets.
They don't teach you this on Wall Street. Or in business school. But for the Bankless Nation? This knowledge is required for our survival on the journey.
Dr. Ben Hunt is a masterful game theorist and narrative analyzer. His work at Epsilon Theory, his outlook on the world, we've rarely felt so much alignment with someone outside the crypto community.
And what does Ben thing about crypto anyway? Is it an opportunity to diminish the nudging oligarchy that runs our world?
What advice does he have for us?
Is there a chance this bankless thing might work?
Enjoy our incredible conversation with Ben.
We cover:
- Epsilon, narratives, and playing the player
- The Keynesian contest running the world
- The Common Knowledge Game & The Missionary
- Why our world is getting more chaotic
- How the Nudging Oligarchy shapes reality
- STOCKS GO UP
- Crypto vs the Oligarchy
- 3 Path for Crypto (and which one Ben thinks is promising)
- WTF is going on w/ equities?
- The power of the pack
Join us next Monday for a fresh episode!
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Resources discussed:
- Epsilon Theory Manifesto
- Get N95 masks to the front-line
- Ben describes the 3-Body Problem on Hidden Forces
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Episode Actions:
- Subscribe to Ben's newsletter at Epsilon Theory
- Send this episode to someone who's crypto curious
- Give us a 5-star review! (we're 70...we need 100)
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Not financial or tax advice. This podcast is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research.
Transcript
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| 0:00.0 | The |
| 0:19.0 | Welcome to Bless, where we explore the frontier Internet money and Internet finance. This is how to get started, how to get better, and how to front run the opportunity. |
| 0:23.0 | This is Ryan Sean Adams. |
| 0:24.3 | I'm here with David Hoffman, |
| 0:25.8 | and we're here to help you become more bankless. |
| 0:29.9 | David, how are you doing today? |
| 0:32.6 | Absolutely fantastic. |
| 0:34.2 | We had Ben Hunt on the podcast. |
| 0:37.0 | Ben Hunt is a very well-respected writer |
| 0:39.8 | in the legacy world. |
| 0:41.3 | He is the writer of Epsilon Theory newsletter, and he does a fantastic job |
| 0:47.0 | bringing in new ways to think about the world to an audience that might not have gotten exposed to it and the need and demand for the thinking |
| 0:58.1 | that Ben Hunt offers to the world is definitely well reflected in the size and community that he's generated around his |
| 1:04.8 | epsilon theory newsletter. |
| 1:06.6 | Yeah, I've been reading epsilon theory forever David. |
| 1:09.3 | It's just a fantastic body of work and I think the main ideas, the core ideas, Ben started this |
| 1:15.7 | this newsletter in 2013, the core ideas have really played out like he's been right. |
| 1:21.5 | The world is turning into a place that is valued more by narrative |
| 1:26.6 | than by fundamentals, and he caught that switch very early. And I think he's got a lot to teach us in the crypto space about how |
| 1:35.4 | narratives and game theory affect asset prices and virtually everything around us. |
| 1:41.8 | They really are the base layer of the human experience. |
| 1:46.0 | That's the social layer. |
... |
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