This week, Dan Olson of the YouTube channel Folding Ideas joins the show for a deep dive into crypto, NFTs, and why so many of these spaces start to feel less like finance and more like belief systems. He breaks down the history of Bitcoin, what cryptocurrencies actually are, and how NFTs exploded into the mainstream, with investor communities promising not just wealth, but destiny–as long as they suppress their doubt and stay in line.
They discuss the gender divide and whether crypto is MLMs for men: same promises of prosperity, different packaging. Plus, some of the insider jargon and acronyms used to shut down skepticism, and how it all added up to a financial technology becoming a social identity.
And stay tuned for part two next week, when Dan will zoom in on the role of charismatic leaders in driving the decision-making.
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Trust Me: Cults, Extreme Belief, and Manipulation
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