Lily Liu highlights Binance as an example of rapid scaling under non-traditional corporate structures made possible by crypto.
Opinion
Liu: The crypto industry is meritocratic and supportive of women
“I think one of the misconceptions there have been a couple of articles recently is that somehow it's an unfriendly place for women. That's never been my personal experience. In fact, I've always felt that it's been one of the most fun, meritocratic fast moving…”
Insight
Liu: Frame crypto as consumer empowerment, not censorship resistance
“I think generally it's true that, you know, you can motivate a small, very passionate minority by, you know, being anti something. But if we take those same principles and reframe it as instead of being censorship resistance, but rather, you know, empowering c…”
Opinion
Liu: Quasi-religious devotion was necessary to keep crypto alive
“There are a number of, I mean, it's almost religious how people kind of feel about their particular protocol or their sort of, or their project which in a way has been necessary in order to breathe life into the space and to keep it going from in 2008 until wh…”
Assertion Not checkable as stated
Liu: Ethereum Foundation employs 5 to 10 people despite $70B market cap
“Ethereum, for example, has, depending on the day, you know, above a 50, 60, seventy million seventy billion market cap, right? So if you think about the corollary of a similarly sized company here, here in the Bay Area, Uber might be an apt analogy. Uber has t…”
Opinion
Liu: US crypto disputes end in court, not with death
“Given, you know, personally, given the choice, I still think that the U S is a relatively good place to be doing business and be in crypto because in the U S you know, if you disagree, you can go to court in other jurisdictions. If you disagree, you go to jail…”
Assertion Not checkable as stated
Liu: Speculation was the first use case for cryptocurrency
“Speculation is really the first use case of cryptocurrency.”