278: Money Talks w/ Mai Santamaria | The Butterfly Defect & the Future of Finance

This week, I’m joined by the brilliant Mai Santamaria for a far-ranging discussion inspired by Ian Goldin’s concept of The Butterfly Defect — a thought-provoking take on the risks and interconnectedness of our global systems. We dive into how this idea resonates with the evolution of crypto, web3, and the financial markets, and explore how the convergence of traditional and decentralized systems could reshape the future.

Mai, an award-winning fintech and financial policy expert, has been a trailblazer in shaping regulatory and strategic frameworks in Ireland. With deep expertise in digital finance and a passion for innovation, Mai brings her unique perspective to our conversation, exploring the challenges—and opportunities—of hyper-connectivity in our global economy.

It's a deep and engaging conversation that offers insights into how globalization, technology, and finance intertwine

IN THIS EPISODE:

- The Butterfly Defect: How hyperconnectivity increases systemic risks and the lessons for crypto and globalization.

- Parallel Arcs of Financial Systems: The inevitable convergence of traditional financial markets and crypto.

- Regulatory Perspectives: Why interconnectedness demands careful collaboration at a global level.

- The Role of Technology: How blockchain innovation like self-executing smart contracts can reshape financial markets.

- Echo Chambers: Navigating the challenges of being too immersed in niche ecosystems and staying grounded.

- Ireland’s Potential: How Ireland’s geographical and technological advantages position it as a hub for sustainable digital financial services.

- Emerging Market Innovation: The surprising use cases for stablecoins and tokenized assets in emerging markets.

KEYWORDS:

butterfly defect, globalization, digital economy, crypto, blockchain, web3, regulation, stablecoins, butterfly effect

RESOURCES:

Follow our guest co-host Mai Santamaria on LinkedIn: https://www.linkedin.com/in/mai07/

The Fintech 15: Meet the Women Shaping the Irish Revolution (paywall)

The Fintech Blueprint podcast interview with Tom Duff Gordon from Coinbase

Professor Ian Goldin’s 2014 Princeton lecture on The Butterfly Defect

Meet Keith Gill, the man who drove the GameStop Reddit mania and made millions

Aled Jones’s article The Actuary (2021) on the Butterfly Defect

The Stablecoin Revolution with Linda Jeng | Unpacking Castle Island Ventures’ Latest Stablecoin Report

David Senra’s Founders podcast

LINKS:

Leave a review and subscribe on

• Apple Podcasts

• Spotify

• MoneyNeverSleeps (website)

Email us: info@norioventures.com

Follow on X(Twitter):

• Pete Townsend: https://twitter.com/petetownsendnv

• MoneyNeverSleeps: https://twitter.com/MNSshow

Follow on LinkedIn:

• Pete Townsend: https://www.linkedin.com/in/pete-townsend-1b18301a/

• MoneyNeverSleeps: https://www.linkedin.com/company/28661903/

MoneyNeverSleeps newsletter: https://moneyneversleeps.substack.com/