Moment of Zen

E13: How SVB Unraveled and Whether Crypto Can Fix Finance with Byrne Hobart

Episode Summary

Byrne Hobart joins Antonio, Dan, and Erik to discuss SVB, finance, and crypto. We record our interviews with Riverside. Go to https://bit.ly/Riverside_MoZ + use code ZEN for 20%.

Episode Notes

0:00 Intro 0:45 Sponsors 1:28 Dan’s story with SVB 6:00 Byrne intro (Check out Thediff.co) 7:00 How Byrne identified SVB’s insolvency 15:30 How banking works 22:10 Fractional reserve banking 27:00 Banking on-chain 32:00 Understanding illiquidity 46:00 Housing market 53:00 How much can crypto recreate the financial system? 1:08:00 Crypto is financial system for digital native world 1:15:25 Are we at the end of (financial) history? 1:20:00 Finance is never solved