crypto

“If you project forward five years, I would almost certainly, my crypto holdings will be worth more than what I sold the company for, what I got out of the sale.”

“My holdings now are like, I don't know, almost 50% of my net worth just because crypto has appreciated.”

“With CS and stats, by the way, you can understand finance, because it's crypto, or it'll all become crypto.”

“Crypto is not just, you know, the next wall street. It's also the next Silicon Valley because decentralized social networks and so on are built there, but even less, obviously it's the next Yale law and Columbia school of journalism and Kennedy school of gover…”

“Crypto is in a sense, the sequel to open source, because it's not just open source, it's open state and open execution.”

“You're going to see All the existing use, like financial infrastructure get rebuilt over here in crypto land, and then some new shit that didn't exist in the real world that you can do in crypto land will get built.”

“I would say today's mega trends, my personal bets are that today's mega trends are [797] Sean Puri: Anything that's actually real in machine learning or AI as well as crypto. [802] Sean Puri: I think those are the two megatrends that are happening right now.”

“For example, there's a trust called a GRAT. A grat is a great way to pass on your crypto to your son, daughter, et cetera, a partner without any taxable event occurring.”

“I consistently see a lot of people are moving into crypto and into climate change. I think these are two areas that you can't really ignore. And I'm also seeing people leave very well-paying jobs that have a lot of equity to work on things like climate change”

“No.”

“Crypto would be way easier to sell than DTC because crypto is fear based. So you want anything that's fear based.”

“One indicator to look for is where are developers signing up? This is also true with companies, by the way, whenever there's platforms that are built and this is true for like enterprise companies or like app stores, where do the developers go? Where the devel…”

“I think that people don't like when someone gets rich without quote unquote earning it, and I think what people saw is that the insiders, so the people who created it, or maybe the early buyers, they bought so early on the bonding curve, they got so early on, …”

“I think we're right at like the top of the initial hype cycle for crypto. We're going to hit like a big Like disillusionment period where a lot of people are going to leave the space and then it will find its footing and find some legitimate uses a few years f…”

“The other thing that I'm like super interested in, and I think is going to be a big space for the crypto type people. Going forward is idea of like startup cities, autonomous cities like kind of building a new way of living from the ground up”

“The Sam Bankman Freed guy, he's currently the wealthiest person from crypto wealthiest known person from crypto. So, you know, nobody knows who Satoshi is, but Sam Bankberfried is the next one. He's got like 15 or twenty billion dollar net worth from crypto, i…”

“In Ripple, those guys became billionaires before banks ever used their product, which is like a really fucked up incentive, and which is why sometimes shit doesn't actually get built in crypto, because hey, I already got the millions. I could just run away. I …”

“There's so much talent being sucked into this thing. These guys are going to build things that actually have use cases. And actually it's actually going to make it all work. You can't have this much talent spend all day thinking about this and building in this…”

“In crypto, you can make like 20 X when you're right on these things. And so with crypto, the odds just shift in your favor where, yeah, it's super fast moving and things can go to zero, but the upside when you hit is so high, it pays for all of your other bad …”

“I'm not in that camp. I do that personally and use safety deposit box and a whole slew of things to safeguard that for some things. But there's other solutions where, where a hybrid approach makes more sense.”

“Anyone who's still in crypto is not a scam artist. It's to the, no one operating in a market that's 90% down trying to scam people.”

“Whenever somebody needed to make a deal in crypto, it was like a bet, like a ten million dollar bet, they would just wire the ten million dollars to Kobe as a trusted, neutral third party.”

“I managed to turn a million dollars because we bought it like, you know, peak crypto into what became like 300,000 dollars at the bottom.”

“So what I did was I said, I'm going to put a million dollars in this wallet. You can go look at the address right now. Here's a million dollars in a wallet. And then I'm gonna try to turn this into ten million trading crypto.”

“My theory in crypto now is selling is less to do with price levels. Like in the public markets, people will hold a stock and they're like, okay, if this ever gets overvalued, I'm selling, I'm trimming the position. In crypto, it's much more cyclical. And so I …”

“The other strategy is pick something, go deep in it, and be the expert where no one else is. And in the fall of 20 12, I recommend you choose crypto.”

“There's like a 140 pro crypto people. People now, like in, in active government, which is like, you know, that number was zero, you know, seven years ago.”