Crypto

“And I think like I would imagine the time it took to start regulating crypto more efficiently is, is going to be longer than the time it takes to regulate AI, just because of the pace it's moving.”

“I think crypto is in a moment where like it's searching for a meaningful use case beyond Bitcoin. I think those exist, but like the timeline is ticking to have those in a way that people care about, or the government gets a lot more free lane to be like, well,…”

“From a first principles perspective, I think people miss how important crypto is, right? And, you know, we'll continue to is like, it is the saving potential grace to a truly open internet is crypto directionally, you know, solid identities, distributed system…”

“And I think if there's anything that's going to actually disrupt the tech ecosystem in the world, it will come from the crypto side, not the AI side, which just doubles down existing incumbents.”

“I think the good news about crypto, unlike the rest of the startup economy, from my perspective, is that valuations have actually rationalized and almost all the capitals come out.”

“I mean, at the highest level, like, I have to give credit, even though I wish I didn't have to Peter Thiel on this, because he's right about it, right? Where he's like, look, fundamentally, AI is communist. Right. And crypto is like free market as a technology…”

“I think this is why VCs like Twitter. And why VCs like crypto, and why VCs like podcasting. You know, it's like you see numbers go up every day, and you can get a feedback loop, right?”

“You and I both know that the trial has nothing to do with crypto and how it's going to play out in the future. This is a macro thing.”

“We're seeing up rounds in crypto, but nothing else.”

“I would argue, Sam, that it has a cult multiplier. Because maybe, you know, web two and social were hype generating technologies where people got really, really excited, and then the technology itself made even more information spread, so people got even more …”

“I'm like a huge crypto fan, huge bull, big investor, very proud of the work we've done in this space, really believe in it.”

“Part of the real answer for crypto for those types of use cases is I think pretty simple, which is everyone wants to be the CRM of record for that, but no one wants that person to be the CRM of record for that, right? So it's basically just like a standoff whe…”

“A lot of the transaction costs that are part of the Cost of these companies like Stripe providing their services, particularly cross border and internationally are like, you know, very real parts of the crypto stack are starting to actually attack at.”

“I always get very, very worried when everyone's obsessed with the infrastructure. Right? Like that, when that becomes an error. That happened in crypto too, right? This whole infrastructure, infrastructure, infrastructure, not what it's useful for. No one has …”

“What's now happening, I think is that like our generation owns the internet, right? And the younger generation desperately wants to own things. They're searching around. Okay. Is it crypto? Is it AI? Like we need a narrow, they need something valuable, but the…”

“Because I do think that in the end of the day, we're going to rely upon Facebook, Apple, and Google to defend free speech on the internet, right? Because they're the only ones powerful enough, or crypto, or it's like a crypto decentralized thing.”

“No, I was gonna say like, not to bring crypto into it, but like, in a world of trust minimization, you're gonna want both Uber with guns and crypto to protect your stuff.”

“I think some LPs are gonna come back in though.”

“I do think, you know, it kind of shows there was real regulatory overhang where people were worried about kind of what that was going to look like”

“Oh, I mean, the Trump administration is very bullish for anybody doing crypto. There's no question.”

“They've actually, my understanding is basically lost all of the major cases they've tried to do against legitimate projects. They've won them against the things that are pure scams, which there are in crypto, like they've won some cases, but all the major ones…”

“I think crypto is in a moment where like it's searching for a meaningful use case beyond Bitcoin. I think those exist, but like the timeline is ticking to have those in a way that people care about, or the government gets a lot more free lane to be like, well,…”

“I think, like, I would imagine the time it took to start regulating crypto more efficiently is, is going to be longer than the time it takes to regulate AI, just because of the pace it's moving. And I think that, like, the lawmakers are having to, they're forc…”

“Capitalism tends towards efficiency, but that's the whole beauty of it, but like requires structural inefficiency to profit, right? If there's no structural inefficiency, there's no profit, right? Which is why people talk about how AI is communist and, you kno…”

“It's weird if it actually ends up being like a, you know, part of somebody's like hedge strategy, like gold. I think that is, if that happens, then this whole crypto experiment is effectively won, whatever, whatever you want to call it.”

“I think at some point the, We're, we'll see that accelerated event. It's hard for me to predict whether it's the next two years or some other two years short in the near future, but you'll see this massive kind of growth mode for crypto where we see a trillion…”

“AI is more of a product, honestly, and less of a movement.”

“It's a weird economy, because there's so many ways to make an absurd amount of money, that like, it's really hard to get people who are great product builders, to like, build great products, right? Because the draw, if you're in it for the money, or in it wher…”

“I think you see the punks do it first, and then kind of the hoodies built a bunch of stuff and commercialize it. And then the final stage is when the suits take over. And we're kind of seeing that awkward transition right now, I think, as the hoodies are makin…”

“I think there is just a set of users that are kind of heavy users, and that might be a limited, that's not going to be eight billion people. I don't know how big that set is, but it could be like A hundred million. Right now, that sounds like a small fraction …”