How to start a revolution, w/Bitcoin pioneer Wences Casares (Xapo)
Masters of Scale
WaitWhat
4.6 • 4.4K Ratings
🗓️ 27 February 2020
⏱️ 42 minutes
🧾️ Download transcript
Summary
What if your idea is so radical that people have trouble grasping what it is — or even believing it won't harm them? Every founder believes their product is revolutionary – and the more revolutionary their product, the more reassuring they’ll need to be to get consumers on board. No one knows this better than Wences Casares, the trailblazing entrepreneur credited with bringing crypto to Silicon Valley (and convincing Reid himself). With his unicorn startup Xapo, a Bitcoin wallet, Wences aims to reassure the masses that Bitcoin isn’t as different or as dangerous as they may think. Cameo appearances: Linda Rottenberg (Endeavor), Anne Wojcicki (23andMe).
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Transcript
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| 0:00.0 | Hi, it's Bob Safian. You've been hearing me as the host of rapid response in this feed for a few years now, |
| 0:07.8 | with short newsy interviews alongside the deeper dives of Masters of Scale. Well, I'm excited to share that rapid response is expanding into its own feed. |
| 0:17.0 | We'll be putting out shows twice a week, focusing on the urgent issues that business leaders are dealing with in real time. |
| 0:24.8 | So search for rapid response in your podcast player |
| 0:28.0 | and subscribe to make sure you get all our episodes. |
| 0:31.2 | I'll see you on the other side. |
| 0:36.0 | We drive a bus on Buenos Aires around the world a week a year. |
| 0:48.0 | Have a lot of fun, just the guys get together and drink Matty and make many, many miles. |
| 0:58.0 | That's Wences Kazaaris, serial startup founder from Argentina, and he's taking us with him on a yearly journey with a group of lifelong friends. I want you to imagine this beloved bus. It looks like the |
| 1:08.0 | product of a school bus that got freaky with an RV and then spent its retirement in the apocalyptic world |
| 1:16.9 | of Mad Max. |
| 1:21.0 | In the run-up to one of their epic trips, Wences got word that the bus had broken down. |
| 1:27.0 | The repairs weren't difficult, but paying for them was, especially as Wences was living in California at the time |
| 1:36.0 | while the bus was in Argentina. |
| 1:38.0 | We had to send some money if we were fixing some things in the bus, |
| 1:42.0 | and Argentina has shut down Western Union, pay-ball everything. |
| 1:46.8 | You could send money to the Central Bank, but it was cumbersome, expensive. It looked like their next trip would be stalled until the |
| 1:56.1 | Argentinian financial system was sorted out, but that could be months, even years. |
| 2:01.3 | Then a friend made a suggestion. |
| 2:05.0 | Have you looked into Bitcoin? |
| 2:08.0 | Bitcoin. |
| 2:09.0 | This was 2011, just two years. And Wences was caught off guard. |
... |
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