Chris Dixon and Naval Ravikant — The Wonders of Web3, Tips on how to Choose the Proper Hill to Climb, Discovering the Proper Quantity of Crypto Regulation, Associates with Advantages, and the Untapped Potential of NFTs (#542)

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“What the neatest individuals do on the weekends is what everybody else will do through the week in ten years.”
— Chris Dixon

“Denying and pushing again towards NFTs and crypto is principally saying: ‘We’re not going to have a collectively owned future. We’re going to have a corporate-owned future, and we’re going to have a government-owned future.’”
— Naval Ravikant

Chris Dixon (@cdixon) is a normal associate at Andreessen Horowitz, the place for the previous six years he has been an lively seed and venture-stage investor.

Beforehand, Chris co-founded and served because the CEO of two startups, SiteAdvisor and Hunch. SiteAdvisor was an web safety firm that warned internet customers of safety threats. The corporate was acquired by McAfee in 2006. Hunch was a suggestion know-how firm that was acquired by eBay in 2011.

Chris has been a prolific seed investor, co-founding Founder Collective, a seed enterprise fund, and making quite a few private angel investments in numerous know-how firms. Chris began programming as a child and was knowledgeable programmer after school on the high-speed choices buying and selling agency Arbitrade. He has a BA and MA in philosophy from Columbia and an MBA from Harvard.

He has written about his theories and experiences as an entrepreneur and investor on Medium and earlier than that at cdixon.org. His a16z Podcast appearances may be discovered right here.

Naval Ravikant (@naval) is the co-founder and chairman of AngelList. He’s an angel investor and has invested in additional than 100 firms, together with many mega-successes, resembling Twitter, Uber, Notion, Opendoor, Postmates, and Want. You’ll be able to subscribe to Naval, his podcast on wealth and happiness, on Apple Podcasts, Spotify, Overcast, or wherever you get your podcasts. You may also discover his weblog at nav.al.

For extra Naval-plus-Tim, take a look at my wildly well-liked interview with him from 2015—which was nominated for “Podcast of the 12 months”—at tim.weblog/naval. We additionally had a second long-form dialog in 2020, and yow will discover that right here. His most up-to-date look was serving to me interview Ethereum creator Vitalik Buterin.

Please take pleasure in!

Take heed to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or in your favourite podcast platform.

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The transcript of this episode may be discovered right here. Transcripts of all episodes may be discovered right here.

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#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, Tips on how to Choose the Proper Hill to Climb, Discovering the Proper Quantity of Crypto Regulation, Associates with Advantages, and the Untapped Potential of NFTs

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What was your favourite quote or lesson from this episode? Please let me know within the feedback.

SCROLL BELOW FOR LINKS AND SHOW NOTES…

Wish to hear my most up-to-date interview with Naval? Lend an ear to our dialog by which we mentioned why there’s no such factor as science with a capital S, the issues that come up when jargon masquerades as information, get wealthy with out getting fortunate, get-rich-quick schemes for losers, nervousness management, cryptocurrency (in fact), and extra.

#473: Naval Ravikant on Happiness, Lowering Anxiousness, Crypto Stablecoins, and Crypto Technique

  • Join with Chris Dixon:

Web site | Twitter | Medium | a16z

  • Join with Naval Ravikant:

Web site | Twitter | AngelList | Naval Podcast

SHOW NOTES

  • Chris explains his curiosity in philosophy and the recommendation given to him by thinker and cognitive scientist Daniel Dennett. [07:44]
  • How lengthy is Satoshi Nakamoto’s white paper? [11:05]
  • What the neatest individuals do on the weekend is what everybody else will do through the week in 10 years. How this has been true of the event of the non-public laptop, and the way will this play out with blockchain applied sciences and cryptocurrency? [12:20]
  • The issues proof-of-work system Hashcash was created to unravel, and the way it was adopted by we all know as we speak as Bitcoin. [17:02]
  • What’s the Byzantine Generals Drawback, and the way does it relate to decentralization? [19:36]
  • What are Web1, Web2, and Web3? [20:20]
  • Digital shortage, open supply, composability, and the actual promise of Web3. [27:01]
  • What offers digital belongings like altcoins and NFTs worth? [41:53]
  • How Web3 rewards inventive individuals in methods Web2 has solely robbed them. [50:07]
  • How video video games are adapting to the Web3 world. [55:45]
  • Naval expands on the concept of NFTs being greater than the sum of their JPGs. [1:01:12]
  • The information science of Sorare. [1:04:28]
  • Don’t have a home to supply as collateral on that mortgage? Possibly the financial institution will settle for your CryptoPunk. [1:06:16]
  • What Gall’s Regulation tells us about who will win within the battle between decentralized gaming and centralized gaming. [1:07:35]
  • How skeuomorphic design has been used up to now, and the way it will match right into a Web3 world. [1:08:47]
  • A few suggestions to arrange you for Web3. [1:15:42]
  • Weaknesses of — and challenges introduced by — Web3. [1:16:31]
  • What’s hill climbing in laptop science, and how are you going to make certain you’re not climbing the incorrect one? [1:22:38]
  • You’re not late to the celebration (but): decentralization remains to be in its early days. [1:26:41]
  • The sticky wicket of regulating decentralization with archaic legal guidelines designed to manipulate the world the place our grandparents and great-grandparents grew up. [1:28:33]
  • How mainstream adoption of cryptocurrencies is held again by the identical political divides which can be holding again society. [1:32:40]
  • How do novices — particularly policymakers — even start to wrap their minds round what’s occurring on the planet of crypto and separate sign from noise? [1:34:24]
  • Ideas on decentralizing the American Dream to protect the US as a bastion of innovation. [1:35:48]
  • Policymakers who appear to have the best concept about coexist with crypto, and what Chris and Naval assume wise regulation ought to appear to be. [1:41:24]
  • Streamlining philanthropy, fundraising, and manufacturing by blockchain. [1:47:08]
  • The place does Chris fee on the hierarchy of vices together with his gum-chewing behavior? [1:53:56]
  • Most gifted books. [1:55:04]
  • “Wen Tim Ferriss NFT drop?” [1:59:10]
  • How DAOs can serve communities, organizations, and governments in the actual world. [2:00:09]
  • A disclaimer: don’t take something you hear on this episode as monetary recommendation! Help the tasks that genuinely enchantment to you moderately than attempting to foretell the long run and money out with a fistful of crypto. [2:03:54]
  • The lens by which Chris views NFTs. [2:07:57]
  • Additional ideas on motivations for taking part in NFT markets. [2:09:07]
  • How the NFT market has lastly made generative artwork worthwhile for the artists who create it, and why now will be the biggest time in historical past for inventive individuals. [2:12:31]
  • Are we in “the kitchen recipe interval” of NFTs? [2:16:04]
  • Nonetheless don’t get NFTs? Contemplate, as an alternative, the common-or-garden sneaker. [2:19:21]
  • Vetting prospects and ticketing with NFTs. [2:20:59]
  • Associates with Advantages and different spiffy DAOs. [2:22:11]
  • Parting ideas. [2:25:03]

MORE CHRIS DIXON AND NAVAL RAVIKANT QUOTES FROM THE EPISODE

“We have been advised the web is unhealthy for inventive individuals. The web isn’t unhealthy for inventive individuals. Web2 is unhealthy for inventive individuals.”
— Chris Dixon

“Denying and pushing again towards NFTs and crypto is principally saying, “We’re not going to have a collectively owned future. We’re going to have a corporate-owned future, and we’re going to have a government-owned future.’”
— Naval Ravikant

“As with all kinds of tech issues and cash concerned, there are unhealthy individuals. It’s simply inevitable. It occurred within the ’90s; it occurred within the 2000s. It occurs now. And people individuals give Web3 a really unhealthy title. We wish to eliminate these individuals.”
— Chris Dixon

“The place we began was we truly decentralized the toughest factor. The toughest factor to decentralize is cash. And after getting cash decentralized, then you’ll be able to personal non-public property.”
— Naval Ravikant

“The killer app of the web is networks. We’ve received one million networks constructed on this factor now.”
— Chris Dixon

“Any regulator that stops the subsequent era of artists and musicians and avid gamers and sport builders from proudly owning their platforms and their work goes to enter the wastebasket of historical past as a villain. It’s that straightforward.”
— Naval Ravikant

“The 1st step can be you’re taking the present artists they usually get extra money. Step two is you’re going to incentivize an entire new era to go do these cool issues.”
— Chris Dixon

“This ought to be the best time in historical past for inventive individuals.”
— Chris Dixon

“I actually imagine very strongly that one of the crucial necessary issues you are able to do is simply go communicate to lots of people. That’s the place I get all of my info is speaking to entrepreneurs, speaking to individuals which can be smarter than me.”
— Chris Dixon

“I feel Web3 isn’t solely higher for the world, but it surely’s additionally going to beat Web2. It’s going to be extra well-liked as a result of the individuals get actually excited after they truly get to take part.”
— Chris Dixon

PEOPLE MENTIONED

The Tim Ferriss Present is one of the preferred podcasts on the planet with greater than 700 million downloads. It has been chosen for “Better of Apple Podcasts” 3 times, it’s typically the #1 interview podcast throughout all of Apple Podcasts, and it has been ranked #1 out of 400,000+ podcasts on many events. To hearken to any of the previous episodes at no cost, take a look at this web page.



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