E50: Crypto investing deep dive, Facebook's whistleblower fallout, Chappelle's new special & more
- Oct 8, 2021
- 1:23:12
- Full Episode
Show Notes: 0:00 Mercury is in retrograde & impacting the besties 2:01 Sacks on Solana, sophisticated crypto strategies, crypto deep dive 26:23 Building regulatory framework for utility tokens, institutional money in crypto 40:59 Facebook whistleblower, potential ramifications & regulation 57:10 Comparing potential Facebook regulation to Microsoft regulation in the 1990s 1:02:34 Is decentralization a solution for social media? 1:09:09 Chappelle's controversial new special, All-In summit & more
Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg
Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast
Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg
Intro Video Credit: https://twitter.com/TheZachEffect
Referenced in the show: https://coinmarketcap.com https://www.bitgo.com/newsroom/press-releases/galaxy-digital-to-acquire-bitgo https://www.coindesk.com/policy/2021/09/30/fed-chair-powell-says-he-has-no-intention-of-banning-crypto/ https://www.bitwiseinvestments.com https://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether https://twitter.com/KariyaKanav/status/1446207805220917252 https://www.ledgerinsights.com/sec-gensler-calls-out-utility-tokens-in-european-crypto-asset-briefing/ https://techcrunch.com/2021/10/06/fantasy-equity-nft-game-wants-you-to-spend-real-money-buying-fake-shares-of-real-startups/ https://techcrunch.com/2021/10/07/fantasy-startup-investing-nft-platform-visionrare-shuts-down-paid-marketplace-after-a-day-in-open-beta/ https://nypost.com/2015/06/14/141m-sculpture-may-point-to-top/ https://www.facebook.com/zuck/posts/i-wanted-to-share-a-note-i-wrote-to-everyone-at-our-company-hey-everyone-its-bee/10113961365418581 https://www.netflix.com/title/81228510 https://twitter.com/DavidSacks/status/1446245636563619840 https://twitter.com/DavidSacks/status/1446246544991088648
Brief Summary
The hosts discuss Facebook's whistleblower testimony, cryptocurrency investments, and the implications of social media algorithms on society.
Key points
- The Rise of Solana. Discussion on Solana's potential to overtake Ethereum as a leading blockchain platform.
- Caution Against Speculation. A warning to listeners about the risks of speculating in the volatile crypto market.
- The Case for Disclosure in Crypto. Insiders should disclose token sales to protect investors, similar to public companies.
- Taxation and Utility Tokens. Paying taxes on utility tokens establishes legitimacy and avoids future legal issues.
- The Future of Crypto Regulation. With institutional investment, crypto is here to stay, necessitating clear regulations.
- Investor Protections in Crypto. The need for regulations to protect investors while fostering innovation in the crypto space.
Episode highlights
- The Rise of SolanaDiscussion on Solana's potential to overtake Ethereum as a leading blockchain platform.“Solana could ultimately overtake Ethereum as the preferred platform.”5:00Oct 8, 2021
- Caution Against SpeculationA warning to listeners about the risks of speculating in the volatile crypto market.“I would encourage you to not speculate in crypto.”16:05Oct 8, 2021
- The Case for Disclosure in CryptoInsiders should disclose token sales to protect investors, similar to public companies.“If you own the token and run the project, disclose your sales.”22:04Oct 8, 2021
- Taxation and Utility TokensPaying taxes on utility tokens establishes legitimacy and avoids future legal issues.“It's smart to pay the tax up front to establish this as a corporate sale.”25:32Oct 8, 2021
- The Future of Crypto RegulationWith institutional investment, crypto is here to stay, necessitating clear regulations.“We have to create rules to let folks pay their taxes.”30:51Oct 8, 2021
- Investor Protections in CryptoThe need for regulations to protect investors while fostering innovation in the crypto space.“Entrepreneurs need predictability to build what they want to build.”35:40Oct 8, 2021
- Zuckerberg's DefenseZuckerberg defends Facebook's research efforts, emphasizing the company's care for users.“Why would we do this research if we didn't care?”42:16Oct 8, 2021
- Whistleblower TestimonyThe whistleblower's testimony is described as a coordinated effort against Facebook.“This is a coordinated hit by anti-facebook forces.”45:30Oct 8, 2021
