YouSaid · the spoken record

Lindsay Lohan

lines on the record: 33
first: 2018-07-17
most recent: 2018-07-17
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“It's also a great question for our two regulatory experts that are going to be on stage in just a little bit too. Know if you guys have, I don't think of any. I think the problem right now is it's kind of dispersed. There's information everywhere and there's really no central resource. And that's kind of the hard work you have to do, I think, right now, unfortunately. But I don't know if you know of any central, and we have somebody, Robin from Coin Center on, they're a great resource for all things regulatory.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“So it's just a slight tweak to the work that we've already been doing. Thanks. Good morning. First of all, thank you for sharing your insights and advice to the community. This is terrific. Following on the question of regulatory, can you guys recommend a public or good public Slack channel or Telegram channel that we could be part of listening and so we can track what's going on?”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“Slightly different at Coinbase, right? So we do do upfront KYC. So for us, it's a lot of there as a financial institution, we know and track very specific things And there's very specific ways that we do data deletion. So for us, it's something that is top of mind and something we've always kind of been working on. And so GDPR is just a different lens by which we're looking at the data deletion and maintenance. So for us, it's been work, but it's not been something that hasn't been top of mind already.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“Hi, thanks again for being here. I'm Teresa, Product Manager and Payments at Airbnb. So I'm working a lot on privacy and data protection, specifically GDPR. So how does a decentralized network deal with these types of regulatory things that do impact everyone like GDPR? And so for those who don't know GDPR is the European regulatory protocol that requires data deletion, right to deletion, right to access, and right to portability of your data. So how do you deal with that from a decentralized perspective? I can speak to that. So we have been spending a lot of time actually on GDPR. So I can talk about it in two frames of reference. So at Twitter, we spent a ton of time working on GDPR. Obviously, as a social network, there's broad implications.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“And so that was one of our early efforts. I think it's still early days, and there's a lot of potential left in sort of the way that can go. And now what I think you're seeing is you're seeing cryptocurrency sort of get into a number of existing kind of business models to, so like affiliate networks, for example, right? Affiliate networks, loyalty programs, gaming, all these things, which already have massive audiences, paid advertising even, validating sort of CPA instead of CPC type of advertising, which are things that can actually be potentially dramatically improved through the use of the integration of a token economy. And so I think over the next year, we're going to see a number of those things be proven out. And what we've already at least heard is that what was, I think Starbucks talked about maybe integrating blockchain to the loyalty program.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“I don't know where to talk about her.com, if I may for a second, because that was in all honesty, that was one of our major motivations, which is that how do you make it useful in people's everyday lives? And so we really thought about it as how do you, instead of trading capital for cryptocurrency, which is the way most people have gotten into cryptocurrency, that requires still a little bit of friction because you've got to go sign up for a website, link your bank account, you know, do scan of your face, right? And do all this KYC identity. And, you know, some people might get lost along the way. And so why that's onboarded a lot of people, what if you could trade labor just a few minutes of your time in order to get a little bit of cryptocurrency, right? So that was one of the ways we thought about or now common originally. And it was inherently useful because it was sort of based around the fact that we all get too”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“I think that Coinbase is doing a lot in terms of helping sort of being a steward for people who are having their first experience with cryptocurrency. And so I think that's really great. And I think that, I mean, there's certainly going to be a lot more sort of education that needs to be done. You know, we've got, there's four assets on Coinbase. There's probably a thousand assets out there that could be on Coinbase. And so there's going to be a little bit of abridging that's going to have to happen in terms of education, sort of making that making sure it's a safe experience for people.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I mean, as an individual contributor, I take that pretty seriously too because I'm starting to realize that the things that people like me, Linda, or others say, like people actually really listen and like people take that to heart and like if I like shilla coin, like that's not really the responsible thing to do. So like it's just about being thoughtful about how you communicate with the community and like making sure that you're like you're not pushing your own interests and actually like doing the right thing.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“I mean, at Coinbase, you know, we talk about this a lot. Like, people will use Coinbase and Bitcoin or the blockchain interchangeably in conversations. So I feel like we carry a large responsibility in just education. And so we don't have like 50 assets on our platform. We try to be really mindful and thoughtful of like how we introduce new assets. We, again, like I said, we're really regulator friendly. So we're trying to make sure that we partner with them. There's education happening both ways. So for us, we do think we take it deeply responsibly. We take a deep responsibility for it just to make sure that every customer that joins our platform feels like they're coming into a safe space where they can learn. And it's a good introductory point. So for me, I think that that is top of mind and everybody you talk to at the company, it's an ongoing conversation. So I don't think that that responsibility is lost on us. And we take it with a lot of respect. Yeah.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“I mean, how I go about it, I mean, like, first of all, you can smell a scam. Like, you just look on the website and like, like, poke around. You're like, all right, this is a scam. Like, it's not easy. If you can't figure it out, ask a developer, like, they'll look at it in be like, yeah, this is a scam website to read the white paper and try to get an understanding, go join these telegram groups and Slack groups. Like a lot of really smart people are talking about this stuff. I'm just like, just do your research on everything. Don't just jump for something because you saw something on Reddit or like Twitter. Just actually do your research.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“I mean, this is a kind of a problem that I'm solving with True Story, which is my company, because it's essentially a truth layer for the claims that crypto projects and crypto people are making. And so we're using the expertise of the crowd to basically bring truth to the world about what these people are claiming. So until that exists, I would say.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“Great career in technology and various functions. And I think there's really a great need for people who with those types of backgrounds coming into crypto, because I think that as industry scales and really becomes a little bit more mainstream, there's a need for those same skill sets with go to market, building great products, building products that really resonate with whether it's more enterprise customers or consumer customers. And so crypto sort of started in a little bit of a corner of its of a very sort of unique and special world, but now it's really sort of going to mainstream tech and then maybe even mainstream consumer.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“Can start just, I mean, these guys have been in it for a while. I'm really new to it. There's so much material out there. There's podcasts. There's like great mentors. There's like just read on it. I think understanding the underpinnings of it is really interesting because it started with such, you know, it's just an interesting community. There's so much out there. It's really inclusive going back to what Lily was saying. There's so many use cases. And like I've traveled a ton in my career and I've like worked on scaling teams. I've been in like seen under like privileged communities and there's so much power in what like this could become. So it's, you know, if you want to like do something that's like mission driven and, you know, have an impact in the work that you're doing. I feel like this is a great place to start. And there's a ton of material out there. So it's a little bit daunting, but just like jump right in. Yeah. So looking at the backgrounds of some of the attendees, it seems like everyone here has a pretty”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“It's interesting. It was definitely a scary part, but I, I mean, like, I definitely, I'm not going to not do it because of that. And, you know, like, it's interesting because I see different approaches for how to go about it. Like, I want to stay in the US. So I have to deal with the regulatory bodies here. But like some of my friends went abroad and they're like, F the US, we're just going to go abroad and do it. And like that's another way to think about it. Like if you don't want to deal with the US, go somewhere else.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“Like, kill blockchains. They actually want to figure it out together. And so as long as we're not like, we just work together and not hostile towards them, I think we will get to a good place. It's just going to take time.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I mean, the regulatory thing is like an unknown, unknown. I can't say I or anyone knows the answers. For me personally, like, for example, my project does have a token and like I can't say I know all the answers for how we're going to tread the regulatory waters, but that's something I'm hoping that I can work with my investors and the regulators on together. I think it was eye-opening to me when I went to the Satoshi Roundtable meeting like last year or like earlier this year and there was a lot of traditional regulatory people from people from the CMC, like all the regulatory bodies that came. And like I realized that even they're not like they're actually very friendly. They don't want to like harm the system. They like don't want to like”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“Incredibly relevant. It's always in the background of, and it's constantly evolving. It's usually catching up to industry, quite frankly. But, you know, one of the interesting things about cryptocurrency is because cryptocurrency is inherently global and becomes global sort of much faster than other maybe financially oriented products. It's something that I think has already and will continue to encourage a more global approach to or sort of more holistic approach to regulation. And so, you know, as we've seen throughout the world, there's a number of different approaches given, personally, given the choice, I still think that the US is a relatively good place to be doing business and be in crypto, because in the US, if you disagree, you can go to court. In other jurisdictions, if you disagree, you go to jail or maybe even go to the grave. And so relatively speaking, it's not.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“Absolutely. So for us, we think very deeply about regulation. So, we want to be friendly to the regulators. Everything we do, it's like top of mind, right? So as we think about, you know, everything from our business processes to the leadership team and the investments that we make in our products, like the underpinnings of that are very real. I think Chris Dixon said this in one of our board meetings, that like the regulation is like an existential thing for us for the industry. So it's something that we should always keep top of mind. So for us, again, it's just like staying on top of it, talking about the work that we're doing to be trusted, to be safe, to make sure that all of the things in early crypto that you heard about never manifest on our platform. But I think regulation is like, you know, like Breethi was saying, it's a really big deal and you have to be okay with a little bit of the discomfort of knowing that that doesn't exist, but it will come.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“It's very relevant. I think that speculation is really the first use case of cryptocurrency. And I think that's okay. It creates a lot of the energy and brings a lot of people in because it just creates a lot of headlines, creates a lot of attention when you're up 1,000% and then down 500% and whatever else, right? But I think eventually people are building out use cases. That's what we've been trying to do at Earn now within Coinbase to build ways that people can actually use cryptocurrency on a day-to-day basis and integrate it into something which is inherently useful outside of sort of the speculative nature of it. So I think really that's just a matter of time.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I think I agree with you on the openness and the community being a huge part of it. The other thing is that when I'm thinking about hiring, I think there's a certain type of culture you have to build with a crypto company. Like you have to work with people who are okay with like rapid change every day and like thinking of things from ground up, thinking from first principles. Like some people are not like that, just to be frank. And like they prefer the more structured approach and sometimes that's just not the right fit for early crypto companies. Because like you need to be able to move with the market. A lot of these rules are not defined and like working with regulatory stuff like that's kind of scary. You have to be okay with like the fact that things can go totally wrong. So all that are things that you have to build into the culture, this like this ability to be risk taking versus risk averse.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“Fully employed, right? Most people with whom you don't give them W2s, you need to motivate them through other means, oftentimes very indirect means. And so that's one. Another example I'd bring up is Binance, for example. So Binance is arguably largest, largest exchange in the world right now. And they launched their own token, pay all of their people in BNB and maybe some other cryptocurrencies. It's unclear where their headquarters are. It's unclear where their servers are. They're like the sovereign company almost, right? And they did all of that in less than a year. And so, you know, very quickly, you have massive scale and massive value being created in totally non-traditional structures, right? And so I think that there's potential learnings to be had from both of those. And I don't think we've seen.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I think that there's a number of different shifts. So to take two examples, Ethereum, for example, has, depending on the day, you know, above a 50, 60, 70 billion market cap, right? So if you think about the corollary of a similarly sized company here in the Bay Area, Uber might be an apt analogy. Uber has thousands of employees. How many people are employed by the Ethereum Foundation? I don't know. Maybe you can count them on one or two hands, right? And so if you think about just sort of how you scale this to organizations, it's wildly different. And one relies much more on the community to sort of build and sustain value, right? So I think that if you're launching a protocol or launching a token, you can create a tremendous amount of value by relying on the community, but it's a totally different model for engagement, for go-to-market, and how you sort of engage with people who are most people of whom are not.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“It is. I mean, like everything is based on. I don't think it's necessarily to be like super religious about it, but I think it's important to understand why we're doing it. Like, this is not just a technology. This is a movement. And like understanding the why is pretty important.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“And I would say if you're new into the space, I would encourage you to actually be pretty open-minded. Like, don't go into being like raw, Ethereum, or like Rah EOS. Actually take wide view and look at different communities and like what they each preach. And I think it's okay to pick your community and stick with it. But I think it's fascinating. You'll just learn a lot by being kind of open-minded and seeing why different people think different way and why different people have different principles on how they run their communities.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“So there weren't as many resources. About as much So, I think that the communities are really great because they help understand, they drive a lot of the technology. So it's a really great place to go and get ideas and understand. The underpinnings and like where it started There's more education, and people are hungry to understand it. So, a lot of the”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“You know, hey, maybe I should be getting cut of all of the money people are making off of my data, right? A few years ago, that was a little bit more of a novel idea. Now I think that everyone can really appreciate that. And so same concept just sort of reframed something that's a little bit more inclusive and resonates with the broader population. Me, I think about it”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“There are a number of, it's almost religious, how people kind of feel about their particular protocol or their project, which in a way has been necessary in order to breathe life into the space and to keep it going from 2008 until when there's sort of a first wave of adoption in maybe 2013, 2014 and again, 2017. And so there's two sides of the same coin. But I think that maybe we're due for a little bit of a reframing. I think generally it's true that you can motivate a small and very passionate minority by being anti-something. But if we take those same principles and reframe it as instead of being censorship resistance, but rather empowering consumers, right? Ultimately get to the same place, but one is a message that resonates with a much broader community. And as you mentioned with Facebook and data privacy, control over your data, this idea, which is now dawning upon a larger number of people that”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“And go in with your own views. And that's what I kind of love about this space because it forces you to be an independent thinker and not just kind of be like, just do something because it's what the rules say. And I think, and if you're going to be an independent thinker and break rules and come up with your own rules, you have to deal with the consequences of the fact that sometimes you're going to get pushback.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“It's a big thing. People are very ideological in this space. And sometimes they will hate you if you don't follow their ideology. And that's okay because I think in the early days there were very few of them. And now you're starting to see different communities form because people just have different theses around what's right, what's wrong. And you can find your group where you fit in. I remember in the early days when I started writing about crypto, you know, I was very focused on Ethereum in the early days. And like I was pro-Ethereum and everything and I wrote a post and I was like shocked to see the amount of like hate I got in the comments for not talking about iota, for not talking about all these other blockchains that I wasn't really focused on. And I realized it's just like that's just the nature of this thing. People are so passionate and ideological and you just have to be okay with that and have to have thick skin.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“The idea that it's a consumer product and it's like a mainstream consumer product and the fact that institutions are actually coming into the space at a pretty rapid pace. And so some of the challenges that we have at Coinbase are really around the institutional and scaling up institutions. I think that that's a big misconception.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“I think one of the misconceptions, there have been a couple of articles recently, is that somehow it's an unfriendly place for women. That's never been my personal experience. In fact, I've always felt that it's been one of the most fun meritocratic, fast-moving, and actually one of the more supportive places I could ever work. For me, I think it's”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“I would say a big misunderstanding is decentralization for the sake of decentralization. I think people sometimes get too obsessed with that. There's some things that I fundamentally believe just will not be completely decentralized. Governance being one of them. Humans do need to exist in some parts of these. And I think we're just going to realize the hard way. Just like, you know, Elon Musk came out a month ago saying like, we automated too much. So I think the same thing is going to happen here. Totally for decentralization in some parts, but some parts just need a little bit more.”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source
“I'd love to just do a little bit of a lightning round and hear from each of you. What do you think are some of the biggest misconceptions in this space? And how would you like to address them? Preste, do you want to start?”
2018-07-17 · a16z Podcast · a16z Podcast: Building Companies in Crypto, from People to Code · IDENTIFIED FROM THE TRANSCRIPT · source