Invest Like The Best
Episode 221 The Potential of Blockchain Technology
Invest Like The Best

Episode 221: The Potential of Blockchain Technology

Invest Like The Best

Episode 221

The Potential of Blockchain Technology

Chris is a general partner at Andreessen Horowitz. We cover Chris's overall thesis for investing in the cryptocurrency space, the opportunities and limitations of blockchain applications, and why this is the most interesting area for investing and building over the next 10 years.

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Show Notes

[00:03:56] - [First question] - His overall crypto investing philosophy

[00:06:37] - New opportunities presented by blockchain technology

[00:13:15] - Compound - a lending protocol where the code holds money

[00:15:31] - Permanent limitations and shortcomings of blockchains

[00:18:32] - Evolution of DeFi and cryptocurrencies

[00:22:08] - How to take out a loan using the Maker protocol

[00:23:22] - Utility of Dai and stablecoins

[00:29:14] - How the DeFi network will reinvent the future

[00:31:40] - Uniswap, tokens, and fundamentally redefining leverage

[00:38:00] - Developer and entrepreneurial incentives for building blockchain technology

[00:39:46] - BitClout, Rally and the early days of social tokens

[00:46:38] - Demand curve and value creation efficiency in a digital creator economy

[00:48:46] - Kevin Kelly: 1000 True Fans

[00:54:49] - Polkadot, Solana, Cosmos and programmable blockchains

[00:58:03] - The most exciting moment for him in the last year

[01:00:19] - Decentralized Autonomous Organizations

[01:02:46] - The single thing that has him most excited about the future of this space

The Potential of Blockchain Technology

Introduction

Patrick
My guest today is Chris Dixon, a general partner at Andreessen Horowitz. Chris is a prolific investor and thinker, having been an entrepreneur, angel investor, and now focused on investing in crypto and blockchain at Andreessen Horowitz. Our conversation focuses on Chris's overall thesis for investing in the cryptocurrency space, the opportunities and limitations of blockchain applications and why this is the most interesting area for investing and building over the next 10 years. We cover it all, base protocols, DeFi, NFTs, social coins, and the future of the internet. I hope you enjoy this wide ranging and fascinating conversation with Chris Dixon.

Chris's Crypto Thesis

So Chris, I think the best place to begin probably would be for you to outline what I'll call your overall thesis or sort of philosophy of investing in the cryptocurrency space. You've been doing it for a long time. I think it's a comprehensive approach. You're not just attacking one part of the ecosystem. So maybe just frame this whole thing up for us to begin and then we'll dive in into the details.

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