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The a16z Show

a16z Podcast: Banking on the Blockchain

The a16z Show

a16z

Technology, Culture, Disruption, Science, Entrepreneurship, Software Eating The World, Business, Innovation

4.21.2K Ratings

🗓️ 10 May 2016

⏱️ 40 minutes

🧾️ Download transcript

Summary

Whether you think of it as a distributed ledger, decentralized database, computing infrastructure, open source/ software development platform, cryptocurrency, transaction platform, or financial services marketplace, the bitcoin blockchain is driven b...

Transcript

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0:00.0

The content here is for informational purposes only, should not be taken as legal business,

0:05.3

tax, or investment advice or be used to evaluate any investment or security and is not directed

0:10.3

at any investors or potential investors in any A16Z fund. For more details, please see A16Z.com

0:16.8

slash disclosures.

0:18.7

Hi, everyone. Welcome to the A6 and Z podcast.

0:21.3

I'm Sonal.

0:22.0

And today, Michael and I are interviewing William Mugayar, who just has a new book out,

0:26.4

the business blockchain about the promise, practice, and application of the next internet

0:31.7

technology.

0:32.9

And we thought it'd be great to have William on the podcast because, you know, besides

0:36.1

being a writer and investor and various Bitcoin and blockchain-related startups, him writing this book, it's actually one of

0:42.3

the, probably one of the first books in the space that focuses on the business applications,

0:47.8

which we think is great. Welcome, William. Thank you. Happy to be here with you. Why don't we

0:53.2

start off, you know, we hear a lot about

0:54.8

the blockchain and what it's been used for. And there's been lots of discussion about, is it fast enough?

0:58.5

Are the blocks big enough? Describe it in the way that you find people understand it best.

1:05.2

Sure, sure. I mean, there's so many ways to describe the blockchain. And that's what makes it

1:10.6

interesting, but it makes it interesting,

1:11.4

but it makes it challenging as well.

1:13.7

It's like the Internet.

1:14.8

If you were to ask anybody what their definition is of the Internet, you probably get a different

1:20.6

answer from every person that you ask that question, because one person will see it as a publishing

...

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