state

“Voicemail might not be common in the States, but leaving an audio message on WeChat is super common in China.”

“One is email penetration is actually much lower in China than it is in the States.”

“Well, I think one area of app design that's very common in China, but not as seen in the States, is the usage of QR codes and the usage of the scanning feature in any app. And WeChat is actually it's heavily reliant on the scanning feature. So, for example, yo…”

“I'd say in China, I don't know if mature is the right word I would use for it, but I would say it's far more advanced than what I do see in the States and probably what's happening in India.”

“The national institutions probably play a relatively secondary role. Quite frankly, you know, if you put a gun to my head, I would say what happened, happened despite the best efforts of these states, not thanks to them.”

“And I think generally speaking, you're going to find states being much more laissez-faire and cities being prescriptive.”

“All of that is to say that the states can almost be A forcing mechanism or a forcing function for the federal government to respond more quickly.”

“States have money transmission licensing, and if you want to be a money transmitter, you have to obtain a license in every jurisdiction in the United States”

“You know, our cities and the state have such dramatic issues, and yet you pull out the high tech sector. I mean, the state and the city of San Francisco will collapse.”

“You see, super apps are here to stay, and the big internet giants in the States already get it. This trend is coming from east to west.”

“The state is someone should pass a law and the network is someone should write some code, right? The state is everybody who is directly or indirectly paid by essentially either the US government or a government more generally. And the network is all those peop…”

“So it gets a very fundamental thing where tech guys are sensing there's something here, but ultimately the network has to supplant the state as the form of truth.”

“For four years, it was just a desert. A bunch of companies silently died. The state blocked IPOs. They're blocking M&As. It was just an all-out anti-tech assault.”