🪙 Everything with a title gets blockchained

Sacks crypto w=1.11 · n=18 · E25 (2021-03-13) · explicit_prediction · strength 2 ▶ 38:40 SUPPORT

“I think we're in the early, early stages of this type of technology. You're going to see eventually blockchaining of every type of asset where title is important”

Chamath crypto w=1.00 · n=20 · E25 (2021-03-13) · explicit_prediction · strength 2 ▶ 37:21 SUPPORT

“Any kind of other asset would make sense if you own a car, if you own clothes, if you own watches, if you own wine, what happens if you own a house. ... once you financialize all of these physical assets that we own, you do eliminate an enormous amount of inequality in the system because you can actually get real transparent pricing”

Chamath crypto w=1.00 · n=20 · E26 (2021-03-20) · explicit_prediction · strength 2 ▶ 14:59 SUPPORT

“I think what the person who wrote the question is asking really is more about DeFi and what's happening sort of like on the Ethereum 2.0, ERC20 contracts, all that stuff, which is sort of much more next-gen, I think, than Bitcoin. ... But what I would say, Friedberg, is all the leakage you have today goes away in a world of DeFi because you will financialize every single asset possible. You'll financialize your homes, you'll financialize your cars, your watches, your jewelry, your art.”

Chamath crypto w=1.00 · n=20 · E46 (2021-09-14) · sentiment · strength 3 ▶ 59:02 SUPPORT

“I think politics has done more to rekindle my interest in all things technology, and specifically Web 3 and DeFi, than anything else, because these last four years have completely convinced me that we need to find a very decentralized way of building the future. ... So when you add all these three things together, I think to me it's the most incredibly positively disruptive force I have seen. I think it will destroy wealth. I frankly couldn't give a fuck.”

Friedberg crypto w=1.08 · n=12 · E46 (2021-09-14) · sentiment · strength 2 ▶ 59:22 SUPPORT

“In the social world, it's going to be related to this DeFi decentralization movement that's underway. ... I think, politically, we're not really awake to the fact that this is a broad, meaningful social movement.”

Sacks crypto w=1.11 · n=18 · E46 (2021-09-14) · sentiment · strength 2 ▶ 1:02:03 SUPPORT

“We should clearly allow it because this whole crypto stack, this whole decentralized finance stack that's being built could very well be the future of finance. And we certainly want to be ahead of that curve. ... I think we want America to be on the forefront of that technology wave, just like every other technology wave.”

Sacks crypto w=1.11 · n=18 · E50 (2021-10-09) · positioning · strength 2 ▶ 13:14 SUPPORT

“Then you realize, well, wait a second, Bitcoin is just one application of blockchains. There's a bunch of applications of blockchains. So maybe we need to own not just sort of, you know, digital money, but we also need to own the underlying blockchain platform. And that leads you to Ethereum.”

Chamath crypto w=1.00 · n=20 · E53 (2021-10-30) · sentiment · strength 1 ▶ 1:14:55 SUPPORT

“when you look at things like Axie Infinity, where, you know, there are play to earn movements that are happening in sort of this, you know, layer three kind of DeFi world where you're getting paid to basically, you know, play games, that could be a job. And then you will spend eight to 10 hours in a metaverse of some sort.”