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Slate Technology

Money Talks: Felix Wins His Crypto Bet

Slate Technology

Slate

Society & Culture, Technology, History

4.6636 Ratings

🗓️ 16 April 2024

⏱️ 38 minutes

🧾️ Download transcript

Summary

Five years ago, tech investor Ben Horowitz of Andreessen Horowitz bet our own Felix Salmon a 100-year-old bottle of wine that 10% of Americans would be using Bitcoin to pay for something by now. Ben lost, of course, but he’s ready to double down with a new digital wager! He and partner Chris Dixon discuss the past and present of crypto, blockchain, and AI. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Jared Downing and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello, welcome to money talks from Slate Money. This is a very, very special episode of Money Talks because I only do this once every five years.

0:23.3

I'm Felix Ammon of Axios and I have had various affiliations over the years.

0:27.8

But the one thing that is a constant since the beginning of the age of Bitcoin is that every

0:32.6

five years I get into a bet with Ben Horowitz. Ben Horowitz, welcome.

0:36.5

Thank you, Felix. It's good to be back after five years.

0:40.0

Ben, you are, well, tell me, who are you? Introduce yourself. I am one of the founding partners of

0:46.1

Andresen Horowitz, who are, I think we have the largest crypto fund in the world. Is that right, Chris?

0:52.2

Yeah. This other gentleman who's just jumped in here is Chris Dixon. Welcome.

0:57.3

Hi, Felix. How are you? Thanks for having me. Chris, what's your role in the in the

1:00.3

cryptoverse? And plug your book. So I'm Ben's partner. I've worked with Ben for about 10 years,

1:05.2

and I created our separate crypto fund that we started about five years ago.

1:09.3

And I just published a book. Thank you for

1:10.8

mentioning that. It's called Read Righton. It's about blockchains and kind of my view that they're a

1:16.7

useful tool for building new internet services that have a lot of benefits of kind of the early

1:22.3

internet and decentralized networks like email and the web, but also can power advanced services that we're

1:28.4

kind of accustomed to today. Okay, we're going to talk a lot of crypto and blockchain, but first

1:35.0

of all, we're going to settle a bet. And it's all coming up on Money Talks.

1:42.7

My name is Caden Sinclair.

1:47.2

Some people call us American royalty.

1:49.6

We were liars.

1:50.5

A new series on Prime Video.

1:52.6

We were happy.

...

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