Crypto

“I'm kind of bothered by the fact that in crypto, right now, you're seeing the normal issues with capital flood in, which is that if you're a speculator that has a lot of capital, you can afford to get much greater rewards than the people that actually build th…”

“As far as I can tell, the vast majority of the ICOs are scams. Or just like, these are companies that, if they were trying to raise from the people in the room, here, maybe they'd be able to raise half a million dollars, but instead they go do an ICO, and they…”

“I think, especially given the attention given to regulation in the space, we will see way more lobbying happening in crypto and in venture capital over the coming years.”

“At some point in like the next five years, it's not going to be that you're a crypto company, it's that you offer some value to the people who use your product, and it just so happens that you sit on top of blockchain, or you use crypto economics, or whatever …”

“I think the bigger and scarier potential risk is that governments fully embrace crypto in the wrong way.”

“I think you could have the inspiration for ideas come from underserved markets, but I wouldn't be surprised if the really big winners in crypto actually sort of re-centralize around Silicon Valley.”

“So I think what we're gonna see is a lot of people returning to that idea of, oh, well I could get money from five different places, who can actually add value to my company for the next three to five years and help me build this company? So I think we'll see …”

“And I think the same thing is true in the crypto world where there's still a real lack of infrastructure in crypto. And so there's all sorts of really interesting ideas of how you decentralize different services. And I think many of those things will fail. And…”

“And then in parallel, I think there's things that exist today that are sort of the Amazons of crypto that are gonna be massive in their own right and already exists. You know, maybe it's Bitcoin, maybe it's Ethereum, maybe it's a privacy token like Monero, Zca…”

“One is in a world where AI proliferates it's gonna be really hard to know like what's real. And crypto provides a level of hardness and verification that I think can connect to AI in a way that solves that problem. Like if you have millions and millions and mi…”

“I think the thing that's shifting with crypto is those network effects are being turned inside out. Where it's when we're onboarding people on chain and we're bringing them into these new systems, they're actually entering an open network where when you join t…”

“Candidly, no. And I think the reason I say no is because if you ask a friend or family member, I don't think they'd say, oh yeah, I have had a magic moment with crypto. I think instead they might be fearful. They might not actually know what crypto is doing on…”

“And I think that's exactly what we're seeing happen with crypto right now is that crypto is plugging in as a platform. That enables agents to transact natively. So instead of going and trying to operate in a browser over the legacy rails, they just call the sm…”

“I think our advice to founders would definitely be look for those sorts of opportunities where you understand the technology Deeply enough. You've read the commerce payment protocol paper. You know how this all works, but you're looking for like actual problem…”

“Now, I think about fintech three point O as the opportunity to rewrite it all to basically start from the ground up and say, how do we make the financial system work better for everyone by building it on top of the programmable software platform that includes …”

“Y Combinator and Coinbase are together putting out a joint request for startups building in crypto.”

“And we think about this as the broadband moment for crypto, where when we were in dial up of the internet, you couldn't have the applications that exist today. And then gradually we scaled the throughput, scaled the bandwidth, and that led to these new breakou…”