Chris Dixon, Managing Partner at a16z Crypto, discusses legacy banks investing in crypto infrastructure despite CEO Jamie Dimon's public skepticism.
Assertion Supported
Dixon: Active on-chain app users range between 40M and 70M
“That we put between 40 and seventy million. There's a bar there because it's, we have to get rid of bots and other things, but It's definitely been growing. And that's like monthly active users of apps.”
Assertion Supported
Dixon: Monthly stablecoin volume reached around $2T, surpassing Visa
“So like last month, it was something like two trillion in stable coin volume, which is more than trillion with a T, which is more than Visa.”
Prediction Not checkable as stated
Dixon: AI agents will autonomously exchange blockchain micropayments within two years
“You imagine a world, which I think we're headed to pretty soon, in a couple of years, we have all these different AI agents running around... And then you sort of imagine other agents coming along and negotiating and, you know, pennies getting transferred back…”
Opinion
Dixon: Crypto suffers a startup talent shortage and is undercompeted versus AI
“I think that the crypto space right now, the real shortage we have is startup talent in that there's a lot of obvious good ideas where there just aren't many people pursuing it. So I think it's actually the opposite problem than most, like, than you might have…”
Insight
Dixon: Blockchains solve political trust problems preventing bank coordination
“There's a lot of interest from the banks to think about ways to use blockchains to create essentially marketplaces there, you know, maybe permissioned marketplaces where only kind of certain participants can participate. For them, the benefit is, you know, why…”
Insight
Dixon: Blockchains solve coordination problems whereas AI solves intelligence problems
“If AI, you know, is solving all the problems in the world that, that they need more intelligence, right? Blockchains try to solve the problems in the world that need more coordination or more, you know, kind of collective collective action, getting a bunch of,…”