Emad Mostaque

Actually, one of the examples I give of this is Google everyone is smart.

People hire smart people.

They did a study to see what identified smart top-performing teams for lower-performing teams.

It was called Project Aristotle.

And they came down to two things, a unified mission and story, especially one that's like you have a crunch period and then you all band together, just like Marines also are forced through hazing, et cetera.

And then psychological safety, the ability to say something without fear of reproach.

They can say the idea is stupid, but not that you're stupid.

And if you think about the teams you've had, they have a shared story, a shared narrative, a cohesion, and then that level of psychological safety.

Or if it's not creative, they blooming well listen to instructions, right?

So you've got a few different ones around that.

So that's what I mean by stories.

And the stories are context and context is what these models capture.

No, I think that Bitcoin and other things...

They have a value in certain areas, but I think it's very difficult for most people to understand that value.

And most people don't want that value.

Most people are quite happy in their communities and they just want to get on with life.

I think that governments are ultimately, one definition is the entity with a monopoly on political violence.

And money itself is a story.

Like a dollar is just an intermediation point that we all commonly agree has value.

Because it's backed by taxes, which are backed by the army and military might.