108 - I Was Wrong, We Need Crypto | DHH

15 snips

Mar 7, 2022

David Heinemeir Hansson, co-founder of Basecamp and creator of Ruby on Rails, shares his compelling transformation from crypto skeptic to advocate. He discusses how events like the freezing of Canadian bank accounts sparked his interest in crypto as a tool for safeguarding civil liberties. DHH reflects on the importance of adaptability in opinions and the potential of cryptocurrencies to combat government overreach. The conversation dives into the challenges of tribalism in societal debates and emphasizes the need for clarity in the evolving crypto landscape.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

ANECDOTE

DHH's Background

DHH co-founded Basecamp and HEY, starting Basecamp before SaaS was even a term.
He later launched HEY, an email service, and battled Apple over App Store monopolies.

INSIGHT

Crypto Skepticism

DHH's skepticism stemmed from crypto resembling the scams and charlatans of the dot-com bust.
He acknowledges crypto's awkward phase but sees potential for growth, like the dot-com boom's fiber cable investments.

INSIGHT

Cult-like Perceptions

The "HODL army" and laser eyes felt cult-like to DHH, promoting faith over practicality.
He questioned crypto's real-world use and found arguments for it lacking, focusing on its present limitations rather than future potential.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Getting Real

The smarter, faster, easier way to build a successful web application

37signals

Getting Real outlines the philosophy and practices of 37signals, emphasizing simplicity, speed, and efficiency in software development. The book is packed with insights on keeping things simple, avoiding unnecessary complexity, and focusing on core problems. It covers topics such as self-funding, flexible scope, lean operations, and the importance of real, running software. The book is not a technical manual but a collection of big-picture ideas applicable to various aspects of web application development and beyond.

Remote

Office Not Required

David Heinemeier Hansson

Jason Fried

In 'Remote: Office Not Required,' Jason Fried and David Heinemeier Hansson present a compelling case for remote work, drawing from their extensive experience at Basecamp. The book outlines the advantages of remote work, such as access to top talent, reduced commuting, and improved productivity. It also addresses common obstacles and provides tools and methods for successful remote work implementation, including video conferencing, chat software, and project management. The authors emphasize the importance of managing for performance over presence and encourage leaders to adopt a flexible work environment that prioritizes work over traditional office hours[1][4][5].

Rework

David Heinemeier Hansson

Jason Fried

Rework by Jason Fried and David Heinemeier Hansson presents a fresh and unconventional approach to business. The book argues against traditional business practices such as writing business plans, seeking outside investors, and staffing up. Instead, it advocates for a simpler, more efficient way of doing business, emphasizing the importance of productivity, avoiding unnecessary meetings and paperwork, and ignoring the competition. The authors draw from their experiences at 37signals (now Basecamp) to provide practical advice and examples that support their counterintuitive ideas. The book is designed to inspire and provoke readers to rethink their approach to work and entrepreneurship.

It Doesn't Have to Be Crazy at Work

David Heinemeier Hansson

Jason Fried

David Heinemeir Hansson is the Co-Founder of Basecamp & HEY. DHH is a best-selling author, technologist—responsible for creating Ruby on Rails—and a recent crypto skeptic, turned crypto-curious experimenter.

DHH recently wrote a viral blog post titled, “I Was Wrong, We Need Crypto” in which he explains why he’s skeptical of crypto, what ultimately changed his mind, and how he’s thinking about the future of the space going forward.

It’s not every day Bankless brings on a crypto skeptic, but DHH is different. He provides a balanced—well thought out perspective on what the current state of crypto is and what needs to change to make it go mainstream.

------ ✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode https://shows.banklesshq.com/p/debrief-i-was-wrong-we-need-crypto

------ 📣 OPOLIS | Sign Up to Get 1000 $WORK and 1000 $BANK https://bankless.cc/Opolis

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/

------ BANKLESS SPONSOR TOOLS:

⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum

🍵 MATCHA | SMART ORDER ROUTING https://bankless.cc/Matcha

🚀 SLINGSHOT | LAYER 2 SOCIAL TRADING https://bankless.cc/Slingshot

🏦 GEMINI | TURN FIAT INTO CRYPTO https://bankless.cc/Gemini

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave

🦄 UNISWAP | DECENTRALIZED FUNDING https://bankless.cc/UniGrants

------ Topics Covered:

0:00 Intro 6:20 Who is DHH 14:02 Crypto Observations 17:00 DHH’s Top Crypto Skepticisms 29:55 How to be Wrong About Things 37:00 What Changed DHH’s Mind 45:50 Pushback on DHH’s Post 52:50 The Release Valves 1:02:00 New Skills Needed 1:11:20 Other Crypto Rabbit Holes 1:17:44 Russian Sanctions 1:24:50 What Crypto Can Do Better 1:29:50 What’s Next in Crypto For DHH 1:33:50 Closing & Disclaimers

------ Resources:

DHH on Twitter: https://twitter.com/dhh

DHH’s Website: https://dhh.dk

Episode #55: https://www.youtube.com/watch?v=JpzFU7MW5y4

DHH Books: https://www.goodreads.com/author/show/23587.David_Heinemeier_Hansson?from_search=true&from_srp=true

I Was Wrong We Need Crypto: https://world.hey.com/dhh/i-was-wrong-we-need-crypto-587ccb03

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures