Jason Choi on How Crypto Investing Can Better Align With Decentralization Goals

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 5 November 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Circle and FTX US. On today’s episode, NLW is joined by Jason Choi. Jason is an investor with Web3 angel collective Tangent, and also produces the long running “Blockcrunch” podcast (and companion VIP newsletter). In this conversation, he and NLW talk about the state of the markets, why crypto venture capital can be misaligned with the goals of decentralized networks, and what the alternatives might be. Find our guest on Twitter: @mrjasonchoi - Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io. - Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	When institutions participate, it participate in size.
0:02.7	The pro of this is obviously more innovation and more founders get funded, but the con of this
0:07.1	is that there's overinvestment in crypto relative to the maturity of the space.
0:11.6	That creates a lot of structural issues.
0:13.8	So for instance, we see singular VCs just taking the entire rounds for the early rounds
0:19.0	of crypto projects, which is not so good for crypto,
0:22.3	especially if your goal is to create a decentralized and neutral network.
0:26.8	Welcome back to The Breakdown with me, NLW.
0:31.0	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:36.8	The breakdown is sponsored by nexo.io,
0:39.1	Circle, and FtX, and produced and distributed by CoinDesk. What's going on, guys? It is Friday,
0:46.5	November 4th, and today we have a great conversation with Jason Choi. But before we get into that,
0:52.9	however, if you are enjoying the breakdown, please go subscribe
0:55.4	to it, give it a rating, give it a review, or if you want to dive deeper into the conversation,
0:59.8	come join us on the Breakers Discord.
1:01.8	You can find a link in the show notes or go to bit.ly slash breakdown pod.
1:05.7	Also a disclosure, as always, in addition to them being a sponsor of the show, I also work
1:09.8	with FTX.
1:15.5	All right, friendos, well, today I am stoked to welcome to the show Jason Choi.
1:21.4	Jason is another long-time content creator and host of BlockCrunch, which often digs much deeper technically into projects in a way that I find super valuable and also features a VIP
1:26.2	newsletter alongside the podcast. Jason is also
1:29.2	formerly a GP at Spartan Group, which is the largest APAC crypto fund, and recently left to start
	...

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