Elizabeth Stark, co-founder and CEO of Lightning Labs, contextualizes cryptocurrency adoption relative to early internet history during an a16z panel on crypto infrastructure.
“So I think we're in the mid nineties when it comes to say internet time, right? So 1995 was a year that Netscape IPO'd and the year that was seen as say the web going mainstream.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Elizabeth Stark
Insight
Stark: Early ICO windfalls create perverse incentives that impede shipping products
“There can be perverse incentives because now there's so much money and they're not actually able to ship a product.”
Elizabeth StarkJul 15, 2018▶ 22:30An Intro to Crypto: Decentralization, the Big Picture
AssertionSupported
Stark: Some ICOs raised tens of millions before shipping any product
“But there's a world in which, okay, you know, there have been ICOs where on day one the folks involved made say tens of millions or more of dollars and they hadn't even shipped a product.”
Elizabeth StarkJul 15, 2018▶ 15:07An Intro to Crypto: Decentralization, the Big Picture
PredictionHeld up
Stark: Lightning Labs will never launch an ICO
“Well, I, I've said publicly, there's never going to be a lightning ICO.”
Elizabeth StarkJul 15, 2018▶ 21:30An Intro to Crypto: Decentralization, the Big Picture
Disclosure
Stark: VCs laughed at Lightning Labs before the 2017 crypto shift
“So recently I was quoted as saying we're back in a Bitcoin, not blockchain world because so back when I was fundraising for my company, Lightning Labs nobody cared about Bitcoin and cryptocurrency. People would laugh us away. They wouldn't take meetings with u…”
Elizabeth StarkJul 15, 2018▶ 11:53An Intro to Crypto: Decentralization, the Big Picture
Insight
Stark: Base-layer token incentives are essential to maintain network decentralization
“Actually when you have the incentive mechanism that is tied to this Base layer currency or token, if you will, that actually maintains the decentralization of the network.”
Elizabeth StarkJul 15, 2018▶ 12:12An Intro to Crypto: Decentralization, the Big Picture
AssertionNot checkable as stated
Stark: Bitcoin is leaderless because Satoshi Nakamoto departed early
“Bitcoin is not ruled by a benevolent dictator. So Satoshi, the creator of Bitcoin actually left the community in very early and has not been seen since. One thing that I think is really fascinating is that there is no leader.”
Elizabeth StarkJul 15, 2018▶ 38:07An Intro to Crypto: Decentralization, the Big Picture
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 1,000 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.