YouSaid · the spoken record

Muneeb Ali

lines on the record

52

first

2021-10-15

most recent

2021-10-15

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

1. “You have a relationship with a bank or some Web2 application, they're the ones who fundamentally control the terms of engagement. The fact that they have total control over the situation is proved by the fact that they can reset the password or change the rules for the password on the fly. With crypto security, you can remove the relationship with an intermediary and have a direct relationship with a protocol. So it simultaneously incredible and it's terrifying. It's incredible because it means that you can really own the thing. That's what's so cool about Web3. No one can revoke or interfere with your relationship with those tokens or those NFTs, those assets, whatever. It's terrifying because it means you're in charge of controlling the secrets that guard your access to that asset.”

   2021-10-15 · a16z Podcast · Crypto Security and the New Web3 Mindsets for Users · IDENTIFIED FROM THE TRANSCRIPT · source

2. “Big picture mindset shifts involved here as well. We quickly begin with a practical shift crypto security represents compared to how people interact with traditional financial institutions. And then we go into the big picture trends in security when it comes to abstraction and usability.”

   2021-10-15 · a16z Podcast · Crypto Security and the New Web3 Mindsets for Users · IDENTIFIED FROM THE TRANSCRIPT · source