Byrne Hobart joins Antonio, Dan, and Erik to discuss SVB, finance, and crypto.

We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

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TIMESTAMPS: (00:00) Intro (00:45) Sponsors (01:28) Dan’s story with SVB (06:00) Byrne intro (Check out Thediff.co) (07:00) 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

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