Why Time Is the Ultimate Scarce Asset

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 22 August 2021

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week, “Long Reads Sunday” returns to its Twitter roots with a reading of two threads from crypto VCs. The first comes from Andreessen Horowitz’ Chris Dixon and the second from Kyle Samani of Multicoin. Together, they paint a picture of the emerging landscape of experiments around non-fungible tokens, creator coins, the metaverse and discuss the idea of time scarcity as a key determinant of value. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: PM Images/DigitalVision/Getty Images, modified by CoinDesk.

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.0	It's a daily podcast on macro, Bitcoin, and the big-picture power shifts remaking our world.
0:16.2	The breakdown is sponsored by Nidig and produced and distributed by CoinDes.
0:22.6	What's going on, guys? It is Sunday, August 22nd, and that means it's time for Long Read Sunday.
0:29.5	And today I'm going to do something that's a little bit of a throwback.
0:32.6	So for those of you who don't know, the idea of Long Read Sunday came from something that I used to do on
0:38.8	Twitter. Around early May 2018, I started curating a weekly tweet thread that was effectively
0:46.1	a newsletter but in Twitter thread form. And a lot of what I was trying to do was tell the story
0:51.3	of what people were talking about on Twitter in a narrative arc using
0:55.3	their tweets, their threads, which were new at that time on Twitter, as a part of it. It was super
1:00.8	fun. It's how I got to know a lot of people in crypto. It led to lots of different opportunities.
1:05.7	But ultimately, as I started to get more into podcast production, it had to change. What's more, Twitter also started
1:12.3	changing the algorithms and I was finding it getting in the hands of a lot less people. Either way,
1:17.0	I think that there's so much interesting content that happens in the form of Twitter threads.
1:22.0	And the reason is that it doesn't have to be as articulate, as well thought out, as a full essay.
1:29.0	And so what you get is more in-development thoughts, in medias race thoughts, things that are still percolating. So today I'm
1:35.4	going to read a couple of Twitter threads instead of an essay like I normally do for Longread Sunday
1:40.3	and give just a little bit of context. Now, this one is definitely not for the Bitcoin-only
1:46.2	folks in the audience out there. It's about VCs, and VCs historically have kind of not gotten
1:52.6	Bitcoin particularly well. There are a lot of reasons for that, but I think it fundamentally
1:57.4	comes down to the idea of whether Bitcoin is a financial innovation or a technological
2:02.7	innovation. There is undeniably technology innovation underpinning Bitcoin, but really what it is
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.