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Aug 21, 2017 · 23m · top-founders

758: The Ex-Stock Exchange Brain Behind Ethereum Blockchain

Anthony Di Iorio · 14m spoken Nathan Latka · 6m spoken
0:00 / 0:00

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Ethereum co-founder Anthony Di Iorio joins host Nathan Latka to discuss the revolutionary mechanics of blockchain technology, the disruption of financial intermediaries, and how he scaled his non-custodial digital wallet, Jaxx.

How this conversation actually went

Every chapter scored 0–10 on four independent dynamics. Hover any point for the reasoning behind the score. Nathan holds 31.7% of the talking time here. How this is scored →

Nathan as informed peer 2.6 Guest teaching 4.3 Guest disagreement 2.0 Nathan pushing back 2.4
05100:0010:0020:001:19–3:25 · Nathan as informed peer 2/10 The Age of Value Movement and Intermediary Disruption Nathan poses an introductory high-level question about crypto hype. Anthony articulates the macro thesis that blockchain represents the shift from the age of information to the age of value movement by eliminating rent-seeking intermediaries.3:25–7:25 · Nathan as informed peer 3/10 Fundamentals of Blockchain Ledgers and Digital Scarcity Nathan asks Anthony to define fundamental terms and clarifies the parent-child relationship between Bitcoin and blockchain. Anthony patiently educates Nathan on digital scarcity, decentralization, and how trustless verification operates across distributed ledgers.7:25–10:38 · Nathan as informed peer 4/10 Tokens, Ethereum Infrastructure, and Smart Contracts Nathan seeks to understand tokens versus coins and compares Ethereum to an SDK. Anthony corrects Nathan's assumption by clarifying that Ether is designed as network fuel rather than standard currency, explaining how smart contracts execute logic without human middlemen.10:39–14:25 · Nathan as informed peer 3/10 Intersecting Crypto and Cannabis Banking Obstacles Nathan connects crypto banking hurdles to the cannabis industry and bluntly asks how retail investors can get rich. When Anthony warns against scams, Nathan pushes him to name a specific one, but Anthony firmly refuses to put a target on his back.14:25–19:44 · Nathan as informed peer 4/10 Building Jaxx: Non-Custodial Wallets and Revenue Generation Nathan digs into Jaxx's monetization model and questions whether reported revenues and developer payrolls are settled in fiat or fluctuating cryptocurrency. Anthony details their non-custodial wallet philosophy and revenue sharing via ShapeShift integrations.19:45–23:20 · Nathan as informed peer 2/10 Nathan's Mid-Roll Promotions: GetLatka and The Top Inbox Following mid-roll sponsor reads, Nathan moves through the Famous Five rapid-fire questions and attempts to force Anthony into predicting when Bitcoin will surpass the Toronto Stock Exchange, which Anthony resists before offering a cautious estimate.23:20–23:54 · Nathan as informed peer 0/10 Episode Recap and Concluding Remarks Nathan delivers a closing solo summary, praising Anthony as an early crypto pioneer and linking the discussion to upcoming interview topics.1:19–3:25 · Guest teaching 5/10 The Age of Value Movement and Intermediary Disruption Nathan poses an introductory high-level question about crypto hype. Anthony articulates the macro thesis that blockchain represents the shift from the age of information to the age of value movement by eliminating rent-seeking intermediaries.3:25–7:25 · Guest teaching 7/10 Fundamentals of Blockchain Ledgers and Digital Scarcity Nathan asks Anthony to define fundamental terms and clarifies the parent-child relationship between Bitcoin and blockchain. Anthony patiently educates Nathan on digital scarcity, decentralization, and how trustless verification operates across distributed ledgers.7:25–10:38 · Guest teaching 7/10 Tokens, Ethereum Infrastructure, and Smart Contracts Nathan seeks to understand tokens versus coins and compares Ethereum to an SDK. Anthony corrects Nathan's assumption by clarifying that Ether is designed as network fuel rather than standard currency, explaining how smart contracts execute logic without human middlemen.10:39–14:25 · Guest teaching 4/10 Intersecting Crypto and Cannabis Banking Obstacles Nathan connects crypto banking hurdles to the cannabis industry and bluntly asks how retail investors can get rich. When Anthony warns against scams, Nathan pushes him to name a specific one, but Anthony firmly refuses to put a target on his back.14:25–19:44 · Guest teaching 5/10 Building Jaxx: Non-Custodial Wallets and Revenue Generation Nathan digs into Jaxx's monetization model and questions whether reported revenues and developer payrolls are settled in fiat or fluctuating cryptocurrency. Anthony details their non-custodial wallet philosophy and revenue sharing via ShapeShift integrations.19:45–23:20 · Guest teaching 2/10 Nathan's Mid-Roll Promotions: GetLatka and The Top Inbox Following mid-roll sponsor reads, Nathan moves through the Famous Five rapid-fire questions and attempts to force Anthony into predicting when Bitcoin will surpass the Toronto Stock Exchange, which Anthony resists before offering a cautious estimate.23:20–23:54 · Guest teaching 0/10 Episode Recap and Concluding Remarks Nathan delivers a closing solo summary, praising Anthony as an early crypto pioneer and linking the discussion to upcoming interview topics.1:19–3:25 · Guest disagreement 1/10 The Age of Value Movement and Intermediary Disruption Nathan poses an introductory high-level question about crypto hype. Anthony articulates the macro thesis that blockchain represents the shift from the age of information to the age of value movement by eliminating rent-seeking intermediaries.3:25–7:25 · Guest disagreement 2/10 Fundamentals of Blockchain Ledgers and Digital Scarcity Nathan asks Anthony to define fundamental terms and clarifies the parent-child relationship between Bitcoin and blockchain. Anthony patiently educates Nathan on digital scarcity, decentralization, and how trustless verification operates across distributed ledgers.7:25–10:38 · Guest disagreement 2/10 Tokens, Ethereum Infrastructure, and Smart Contracts Nathan seeks to understand tokens versus coins and compares Ethereum to an SDK. Anthony corrects Nathan's assumption by clarifying that Ether is designed as network fuel rather than standard currency, explaining how smart contracts execute logic without human middlemen.10:39–14:25 · Guest disagreement 4/10 Intersecting Crypto and Cannabis Banking Obstacles Nathan connects crypto banking hurdles to the cannabis industry and bluntly asks how retail investors can get rich. When Anthony warns against scams, Nathan pushes him to name a specific one, but Anthony firmly refuses to put a target on his back.14:25–19:44 · Guest disagreement 2/10 Building Jaxx: Non-Custodial Wallets and Revenue Generation Nathan digs into Jaxx's monetization model and questions whether reported revenues and developer payrolls are settled in fiat or fluctuating cryptocurrency. Anthony details their non-custodial wallet philosophy and revenue sharing via ShapeShift integrations.19:45–23:20 · Guest disagreement 3/10 Nathan's Mid-Roll Promotions: GetLatka and The Top Inbox Following mid-roll sponsor reads, Nathan moves through the Famous Five rapid-fire questions and attempts to force Anthony into predicting when Bitcoin will surpass the Toronto Stock Exchange, which Anthony resists before offering a cautious estimate.23:20–23:54 · Guest disagreement 0/10 Episode Recap and Concluding Remarks Nathan delivers a closing solo summary, praising Anthony as an early crypto pioneer and linking the discussion to upcoming interview topics.1:19–3:25 · Nathan pushing back 1/10 The Age of Value Movement and Intermediary Disruption Nathan poses an introductory high-level question about crypto hype. Anthony articulates the macro thesis that blockchain represents the shift from the age of information to the age of value movement by eliminating rent-seeking intermediaries.3:25–7:25 · Nathan pushing back 3/10 Fundamentals of Blockchain Ledgers and Digital Scarcity Nathan asks Anthony to define fundamental terms and clarifies the parent-child relationship between Bitcoin and blockchain. Anthony patiently educates Nathan on digital scarcity, decentralization, and how trustless verification operates across distributed ledgers.7:25–10:38 · Nathan pushing back 2/10 Tokens, Ethereum Infrastructure, and Smart Contracts Nathan seeks to understand tokens versus coins and compares Ethereum to an SDK. Anthony corrects Nathan's assumption by clarifying that Ether is designed as network fuel rather than standard currency, explaining how smart contracts execute logic without human middlemen.10:39–14:25 · Nathan pushing back 4/10 Intersecting Crypto and Cannabis Banking Obstacles Nathan connects crypto banking hurdles to the cannabis industry and bluntly asks how retail investors can get rich. When Anthony warns against scams, Nathan pushes him to name a specific one, but Anthony firmly refuses to put a target on his back.14:25–19:44 · Nathan pushing back 4/10 Building Jaxx: Non-Custodial Wallets and Revenue Generation Nathan digs into Jaxx's monetization model and questions whether reported revenues and developer payrolls are settled in fiat or fluctuating cryptocurrency. Anthony details their non-custodial wallet philosophy and revenue sharing via ShapeShift integrations.19:45–23:20 · Nathan pushing back 3/10 Nathan's Mid-Roll Promotions: GetLatka and The Top Inbox Following mid-roll sponsor reads, Nathan moves through the Famous Five rapid-fire questions and attempts to force Anthony into predicting when Bitcoin will surpass the Toronto Stock Exchange, which Anthony resists before offering a cautious estimate.23:20–23:54 · Nathan pushing back 0/10 Episode Recap and Concluding Remarks Nathan delivers a closing solo summary, praising Anthony as an early crypto pioneer and linking the discussion to upcoming interview topics.

speaking balance: gold is Nathan, purple is the guest (3 minute bins)

0:00 · Nathan 52.5% · guest 47.5%0:00 · Nathan 52.5% · guest 47.5%3:00 · Nathan 14.7% · guest 85.3%3:00 · Nathan 14.7% · guest 85.3%6:00 · Nathan 13.9% · guest 86.1%6:00 · Nathan 13.9% · guest 86.1%9:00 · Nathan 18.1% · guest 81.9%9:00 · Nathan 18.1% · guest 81.9%12:00 · Nathan 23.1% · guest 76.9%12:00 · Nathan 23.1% · guest 76.9%15:00 · Nathan 7% · guest 93%15:00 · Nathan 7% · guest 93%18:00 · Nathan 55.2% · guest 44.8%18:00 · Nathan 55.2% · guest 44.8%21:00 · Nathan 73.2% · guest 26.8%21:00 · Nathan 73.2% · guest 26.8%
Sharpest disagreement ▶ 13:00 Anthony refuses to name specific industry scams

When Nathan directly demands a specific name of a big crypto scam, Anthony bluntly dismisses the prompt, stating he will not get involved or create targets.

 Hardest push from Nathan ▶ 17:10 Nathan drills into actual cash revenue versus cryptocurrency valuation

Nathan repeatedly challenges Anthony on whether the 60 million dollars in transaction flow and developer payouts represent real US dollar earnings or volatile Bitcoin figures.

 Biggest teaching moment ▶ 8:45 Anthony reframes Ether as internet gas rather than a currency

Anthony corrects Nathan's misconception that Ether is just another coin, explaining its architectural role as network fuel that incentivizes distributed computing.

 Nathan holds their own ▶ 10:39 Nathan synthesizes crypto banking parallels with the cannabis sector

Nathan demonstrates sharp domain synthesis by drawing a direct operational parallel between crypto banking bottlenecks and the regulatory hurdles faced by cannabis venture funds.
the scores for every segment, with the reasoning behind each
ChapterTopicNathan as informed peerGuest teachingGuest disagreementNathan pushing backWhy
The Age of Value Movement and Intermediary Disruption 2511 Nathan poses an introductory high-level question about crypto hype. Anthony articulates the macro thesis that blockchain represents the shift from the age of information to the age of value movement by eliminating rent-seeking intermediaries.
Fundamentals of Blockchain Ledgers and Digital Scarcity 3723 Nathan asks Anthony to define fundamental terms and clarifies the parent-child relationship between Bitcoin and blockchain. Anthony patiently educates Nathan on digital scarcity, decentralization, and how trustless verification operates across distributed ledgers.
Tokens, Ethereum Infrastructure, and Smart Contracts 4722 Nathan seeks to understand tokens versus coins and compares Ethereum to an SDK. Anthony corrects Nathan's assumption by clarifying that Ether is designed as network fuel rather than standard currency, explaining how smart contracts execute logic without human middlemen.
Intersecting Crypto and Cannabis Banking Obstacles 3444 Nathan connects crypto banking hurdles to the cannabis industry and bluntly asks how retail investors can get rich. When Anthony warns against scams, Nathan pushes him to name a specific one, but Anthony firmly refuses to put a target on his back.
Building Jaxx: Non-Custodial Wallets and Revenue Generation 4524 Nathan digs into Jaxx's monetization model and questions whether reported revenues and developer payrolls are settled in fiat or fluctuating cryptocurrency. Anthony details their non-custodial wallet philosophy and revenue sharing via ShapeShift integrations.
Nathan's Mid-Roll Promotions: GetLatka and The Top Inbox 2233 Following mid-roll sponsor reads, Nathan moves through the Famous Five rapid-fire questions and attempts to force Anthony into predicting when Bitcoin will surpass the Toronto Stock Exchange, which Anthony resists before offering a cautious estimate.
Episode Recap and Concluding Remarks 0000 Nathan delivers a closing solo summary, praising Anthony as an early crypto pioneer and linking the discussion to upcoming interview topics.

Statements from this episode (9)

Prediction Not checkable as stated
Di Iorio: Blockchain Will Be More Important Than the Internet
“I recognized way back when that this is going to be more important than the internet, and that was something that just, it hit me with, okay, wait, you can now move value instantly, globally, for pretty much free, just like you'd move an email.”
Anthony Di Iorio Aug 21, 2017 ▶ 1:40
Prediction Not checkable as stated
Di Iorio: Blockchains Will Automate Intermediaries in Law, Insurance, and Beyond
“Every other sector that's used to having these third-party intermediaries can now be automated on blockchains, and you're going to see a massive reduction in costs, and you're going to see us trying to figure out how do we make money when the ways of making mo…”
Anthony Di Iorio Aug 21, 2017 ▶ 3:14
Assertion Supported
Di Iorio: Ether was never meant to be a coin or currency
“It was never meant as a coin or as a currency. It was meant as a fuel or product to incentivize people to contribute resources into the network.”
Anthony Di Iorio Aug 21, 2017 ▶ 8:59
Disclosure
Di Iorio is developing a card system for convenience store crypto purchases
“I'm creating a new coin card system that's going to enable Unable you to buy any currency, any coin in convenience stores.”
Anthony Di Iorio Aug 21, 2017 ▶ 11:06
Assertion Not checkable as stated
Di Iorio: Banks hire crypto consultants but refuse them bank accounts
“You have banks that don't want to set up bank accounts for Bitcoin companies because they're scared. Or they're scared because of the compliance thing. And we're saying, well, you're hiring us banks to consult with you about the technology you're funding compa…”
Anthony Di Iorio Aug 21, 2017 ▶ 11:18
Prediction Not checkable as stated
Di Iorio: Crypto investors will lose money and blame the technology
“Make sure you are doing your due diligence, speaking to people that do know and getting that advice before jumping in because it's extremely hot, but people are going to lose a lot of money. And when it comes back to it, they're going to get pissed off with th…”
Anthony Di Iorio Aug 21, 2017 ▶ 14:03
Assertion Partly supported
Di Iorio: Ethereum crowdsale raised $18M as largest crowdfunded project
“I bootstrapped Ethereum Before we did the crowd sale where we raised eighteen million dollars at the time became the largest crowd funded project of all time.”
Anthony Di Iorio Aug 21, 2017 ▶ 15:13
Assertion Not checkable as stated
Di Iorio: Jaxx is profitable, made $150K last month from ShapeShift
“Well, my, I, my money, I mean, we're profitable right now. We make, we made a 150,000 dollars last month from, just through shapeshift transactions.”
Anthony Di Iorio Aug 21, 2017 ▶ 18:46
Prediction Not checkable as stated
Di Iorio hopes Bitcoin passes TSX market cap in under a decade
“I'm hoping less than a decade.”
Anthony Di Iorio Aug 21, 2017 ▶ 23:17
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